Maybe. But a class action shouldn't be restricted to the rights issue. Surely we had a right to know under continuous disclosure rules? In which case the exact timing isn't as important as the simple fact that they knew and market didn't.
Nearly 2 full months without a LJ conversion.hmmm.
On a positive note, "IF" directors knew prior to subscribing, then the directors themselves have money on the line and must think the LJ development is either neutral or positive.
Maybe we no longer need them? Or we are confident we can keep them onside.
This really came from left feild for me. Why does LJ care that their are no bids? They are long term supporters of INT and believe in the company.
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