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Misleading news and liability/damages, page-2

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12/02/20

14:12

Post #: 42888044
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Originally posted by jake0002: ↑

We have all been aware of the co-ordinated and concerted campaign by certain posters on this forum, to damage the interests of EDE and its shareholders.

We genuine shareholders are interested in discussing the business operations of EDE, and its investment potential.

We all know that EDE equity is currently funded by retail investors, and as such, many shareholders and investors frequent this forum.

So what better way to attack and damage EDE and its business, than by denying EDE the opportunity to raise equity from its retail shareholder base?

These attacks have been aimed at haranguing shareholders and potential investors, have been disproportionately large in volume, and have been deceptive and misleading - with little or no factual basis, and little or no interest in truth.

So it was of great interest to read this article relating to a very similar issue which an ASX listed company, Retail Funds Group was attacked by a hedge fund and short seller, Bonitas.
Bonitas published material alleging all sorts of matters, attacking RFF over its funding, assets, balance sheet, mgt, board etc etc.

RFF took Bonitas to court, and has won.
Bonitas is now liable to damages. Interestingly, whilst damages will be awarded to RFF, I would imagine that any RFF shareholders who suffered losses would also now have the real opportunity to claim damages for shares they sold as a result of the deceptive and misleading claims published by Bonitas and its owners.

This article is available to the public.

Apologies for some of it being out of order.

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EDE Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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