MBN Class Action

To the HC Rebels
I made a list of all of you before & we are holding 7M shares or 7% of MBN stock.

We have been misled and lied to.
We were told MBN was safe & stable not insolvent
We were told MBN was financially prudent & reliable not that they would burn cash from US$25M to $0 in 4 months
We were told capex was $1M per months when they spent $22M in 4 months or $5.5M pm
We were told US$100M cash by December when its now 0
We were told BRL COP drop was insulating the NP drop when the TH reason stated NP drop was the cause of the administration & TH
We were told sales in 2015 were "fully committed" when they were in fact lagging and didnt get paid.

I give you this promise to all of you:-
- I will call my sister in law & her brother who are solicitors and a barrister for legal advice
- I will meet with IMF litigation funders and their director Hugh McLernon of IMF (listed on the ASX) for this purpose of this class action suit;
- I will call Maurice Blackburn & Cashman & Slater & Gordon and meet with them in Perth with a view to commencing legal action in the WA Supreme Court (MBN R/O & administrators are in Perth)
- the causes of action will be numerous breaches of the Corporations Law & ASX listing rules, material non disclosure, false and misleading conduct, breach of duty of care, breach of directors duties, relisting in February when insolvent, insolvent trading, not disclosing capex substantially higher than announced or sales substantially lower than announced, deception of Australian investors
- we as Australian shareholders will issue class action proceedings with the help of these lawyers
- the defendants will be the directors, the company under administration, their directors liability insurers, and perhaps US NHs who were responsible for this loss and damage
- we will commence legal proceedings for our loss and damage if they don't relist or try to take our shares for nothing

We HC rebels will engage Maurice Blackburn Cashman or Slater & Gordon or IMF litigation funders and Hugh McLernon for a class action of shareholders. They can run this case like the others on spec and filing fees and a cut of 20% for the winnings.

I have briefed numerous solicitors and senior counsel before including several class actions before. I have spoken to all of these lawyers before and know many of them. They can make life hell for them and their insurers. Their insurers will pay eventually and with WA home ground advantage the courts & local lawyers will be on our side.

All those who are with me as to this class action forward me your contact details, email address & number of shares for relay to our solicitors to -

[email protected]

I have created this email account for this purpose.
I will keep these wolves honest. the lawyers can do the rest.
I will attend the creditors meetings and brief the solicitors.

Who is with me give this a thumbs up and send me your confidential details.