Ann: ASIC Determination, page-133

Currently unlisted. Proposed listing date: WITHDRAWN

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aussienorm

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10/05/18

14:03

Post #: 33011836
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Originally posted by gustaaf ↑

For a class action to have any purpose there must be an opportunity to recover some money for share holders. I doubt that will be the case with BIG, which I assume is already chewing through what cash there is with the US expansion and the expensive new auditors who have already been at it for months. A class action will only add legal costs and will likely remove any possibility of BIG ever making a fist of this business. The only thing you might achieve is getting at the personal assets of the directors, but I suspect these are already well out of reach. Bottom line is that you can't get blood out of a stone.

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What about out of the previous auditor?

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
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Ann: ASIC Determination, page-133

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