So let's put some things into perspective:

Lowenthal, had to relinguish his chairman position in SSC Mandarin because of potential or real conflict of interest in SSC selling rights to the 5 Chinese properties for 10,000 "finder's fee" to CGMR - wholly owned by WITM. There was a contract signed & considerations (monies) paid. So unless Wits let's SSC off hook by negating the contarct, then surely everyone see that SSC does NOT have a leg to stand on.

So what gives? Could it be just a case of "old fashioned greed" by the managing director, Robin Lee? That's where I am laying my bet at. What a chance to take by this person who certainly seems to be acting rather irresponsibly!!! The reason I see it as a big negative "chance" is that even with knowledge from taking a 1st yr legal course, I know enough that unless some misrepresentations were present - not the case - then a contract is valid unless both parties agree to dissolving it or there is some wscape clause. No such misrepresentations nor escape clause has been mentioned.

Another observation. IMHO and I applaud them for it, it seems that our management have chosen to take the high ground & not give in to Lee, nor try to "buy" his silence (via bribes). No, I have no concrete evidence re bribes. However, I have dealt in business matters enough with Chinese businesses to know that unrecorded money exchanges i.e. "bribes" are often the norm & considered just another cost in doing business over there. So unless Lee is pure & ethical & different than norm, then I would bet that was exactly his anticipated reaction i.e. payments, by Wits. Boy, how wrong can one get.

So yeah, this is hurting once again our SP. No, I am still holding fast but I so wish I had done my purchases at these levels rather than my higher average. No crystal ball to access.