imf update & deadline, page-11

mark - i thought the claim was based on disclosure of an OXR debt that was transacted just prior to the merger. therefore OXR holders are precluded from the claim and it's limited to ex-ZFX holders who then became OZL holders and anyone who purchased OZL shares after the merger.

I also read somewhere in a post that 68c share price was a key element. it seemed that OZL could argue that the GFC and subsequent fall in metal prices meant that the share price could have fallen to 68c regardless of the non-disclosure of the loan.

my read is that it doesn't have a snowball's chance - but i hope that those with a legitimate claim ultimately benefit. as a long term OXR holder i am a bit peeved that we are precluded but personally i doubt if i would join this particular action. and i'm certain that there will be some claimants who would have invested in OZL regardless of the loan position screaming for blood. it's all a bit messy.

i hope that the directors can be personally sued but i very much doubt it - i'm sure company would insure them.