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Old 8th Jul 2018, 08:10
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Brizeguy
 
Join Date: Sep 2005
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I’m stunned the other investors let SGH Capital get away with it, from what I’m told they invested €1M at the beginning of the takeover and with a clause that it had to be repaid within 90 days, if not SGH takes a 51% share of the company and effectively halved all the others share. As they were running the company they simply ensured repayment was after the 90 days, 51% stake and cost zero! The stakeholders are some very wealthy people so why let them do it, surely not legal? Does anyone have a list of shareholders?
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