Class Action Lawsuit...Contacting Lawyers This Week, page-169

It’s been 3 weeks since you were “contacting lawyers this week”. Presume the deafly silence since means that they didn’t answer your calls. Correct?

As to all the posts that followed on this thread ... it’s clear that the only party to blame is the AJM board and it’s investors. Both the board and investors got it wrong and failed. Those companies (such as PLS) who are prepared to help creditors recover their money by buying the remaining assets when AJM wouldn’t/couldn’t pay their debts, are not the enemy. As investors, you’re lucky that this is a Pty Ltd company and so your not liable for the debts owing unsecured debtors!!!! Your own greed and more importantly the boards greed was the problem (driving ridiculous leverage at interest rates/terms appropriate to the ridiculous risk).

Rather than whinge, suggest you humbly acknowledge and apologise to the many unsecured creditors that AJM has defaulted on. As shareholders, you owe money to these people/companies ... but the Pty Ltd law is protecting you from those creditors coming after you!

I think only ~0.1% of AJM investors are capable of understanding that the above is reality. The rest think they’re the victims (rather than the problem).