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28/02/18
10:41
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Originally posted by U3962521
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I read the first post...
I bought it at 60 cents please don't sue...
God that made me laugh... what about the hundreds of shareholders screwed over by management who chose to deceive and mislead shareholders...
It's an auto opt in now anyway, meaning the first class action for the 300 million claim everyone will be represented unless they opt out
They may take 30 percent .
But getting back something is better than nothing.
Joel and Bane belong in jail now. They haven't killed anyone but what's the value of a life ... ask an insurer.. and they've killed the equivalent of hundreds of people as a result of their behaviour
I for one hope the lawyers can get the full 300 million. Management have treated its shareholders like fools and they need to be held accountable
There is a small chance their other contracts turn out to be real. It doesn't change they were deceptive and misleading.
Only way out for these guys is if the lawyers settle just on the directors insurance. Hope they don't.
If I knew what I do now about the company I wouldn't have bought in. GSWmanagement are at direct fault of this from non disclosure .
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Totally agree with what you've said. Holders have been badly let down by management.
One of the many learnings out of all this (and there are many) is that you can't blindly follow big institutional investors, they don't necessarily do the DD that we might expect them to.