its over, page-38

Legin,

I have no background in, nor have ever experienced first-hand, class action disputes so I don't know what dirt I can offer that others with a bit more expertise might be able to dig up.

Obviously there are gaping holes between what the board have forecasted and what has eventuated, but you would have to disect every single example of this to demonstrate where they have either directly misled the sharemarket in an unlawful manner or conducted themselves in a manner which brings the integrity of the company into question. Unfortunately the disclaimers littered throughout company announcements protects them in some respects if their cashflow targets, for example, don't eventuate.

Having said that, I suspect points such as the following would have some substance if one were to launch a dispute against the board:

- the misuse of the SIOC funds that were originally intended for Mashala which has ultimately brought the liquidity of the company's cash position under serious doubt
- the siphoning of company funds under the 'other expenses' bracket should be strongly looked into ($13Mpa for the past two financial years for a total of $26M)
- Jason denying the solvency of the company is under question, when it obviously is (misinforming the public)

I don't know how much it will help your cause Legin, but if want a transcript of all emails sent between myself and the company (mostly JB) then I'm happy to fire them your way. Just leave me your email and I'll get onto it.