If it is true he won't give you the details. One thing he could disclose is the legal basis (section of the Act) under which blocking the distribution of the funds could be made. If there is a remote possibility of success in blocking the funds then the final settlement will include a payment to shareholders to shut their mouths and avoid going through the pain of class actions that could last years.
ARI Price at posting:
2.2¢ Sentiment: None Disclosure: Held