Class action under investigation!, page-67

Lawando (btw with that NIC any chance you a lawyer specializing in the Corps Act and ASX Listing Rules ?) I am glad that you are pretty calm and enjoying the speculations here.

With respect to your last paragraph here I come at this from a different angle.
**emphasis on will**

I refer you to GSW's 4 April ASX announcement regarding the CBA deal that uses quite explicit language. As example, the explicit verbiage "will result in over 257.4m deliveries on its platform". The more appropriate words might have been "may result...

My interest in this centers around a 'reasonable person' and directors also having a 'reasonable basis' for making announcements and disclosures to ASX etc...with respect to material information that would likely have an effect on the value of a company's securities.

These 101 misteps by GSW, who has demonstrated quite an unbelievable degree of either naivety, or other here, and IMO have taken no half decent legal advice prior to making the bulk of their fairly optimistic announcements to ASX over the course of 2017 that has driven investor excitement is going to come back and haunt them and sundry.

All in all it is clear to me (IMO) that there does not/has not existed strong board process and governance with GSW.

The ramifications here are extreme IMO, particularly with respect to addressing the question of how sticky the $75m placement funds are in GSW's bank account.

IMO the recent discussion on this forum of a 'takeover' that could produce a good result for shareholders aside the CEO, Exec Chairman and Cygnet etc...are completely misguided by the vast majority of posters. IMO only a few posters including Melua, unsinkable, thebarry111, Davisite, Cosmoterios, SCCF plus a few others are demonstrating any reasonable perspective here regarding these latest developments around a takeover.

I am pretty sure why this article was briefed to the WSJ to publish and IMO it will backfire badly on GSW and whoever was motivated to brief the WSJ journo. IMO this may push Fidelity's hand here to take action to ensure that they are ranking #1 in the queue to best position themselves to get their $54m back.

Let me reach out to my network and clarify a few points and I may share my view further.

Separately, IMO GSW is not going to re-open for trade on the ASX for a while !

DYOR (legal, commercial and other)