Hi All
Are there any legal people on this site?
It is my opinion that the action by these so called directors is against the Fiduciary Duties diectors owe shareholders.
How can you make a capital raising subject to a threat?
How can you return cash to shareholders who were willing to participate in the offer and then go and search for more capital from non shareholders? This will be dilutory to current shareholders and they will do so from a desparation and therefore will have to accept what ever is offered.
Either they need the cash or they don't. What happens if thety accept cash at a lowe price than current shareholders had given them?
This is one of the most blatant break of fiduciary duties by Diectors I have ever seen in my 40 years of investing!
Other posters view of this would be welcome.
Regards
VCR
ventracor limited
