If shareholders are considering class action then what do you think Fidelity is doing?
Right now there will be a team of lawyers establishing a case against every breach of the corporations act they can find. Cash backing may be 50 cents but the cash is exactly what Fidelity will be targeting.
And if Fidelity takes legal action then do the customers stay or go? GSW already told you that a customer can stop using the service whenever they like. Not that it’s particularly relevant because current revenue is basically non-existent.
This is a house of cards.
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