Stephen Bartolomeusz wrote a good piece in today's 'Business Spectator' describing the court case as nonsensical (in practical terms) and having disturbing implications for the broader corporate sector.
It appears to me with this decision, that the company is presently locked in a stalemate. No matter how bad the present management group may be, it is uncertain what a new team could do to improve the situation. It seems to me that the only people profiting in this absurd protracted debacle are the consultants (eg investment bank advisers, actuaries and lawyers) who are advising the various parties.
I hope CSR management does not think they can keep asking shareholders to provide funding for past mistakes.
Disclaimer
Please note that I am not providing advice, information, recommendations or predictions. The above statements are merely my own comments and thoughts as an ordinary shareholder without any special skills or knowledge. I absolutely disclaim any responsibility or liability whatsover for any consequences arising from the use of my comments and thoughts expressed. If you require advice or information, you should seek the services of an appropriately qualified independent expert professional person as well as do your own proper research.
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