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0.7¢ halo food co. limited

Ann: Annual Report to shareholders, page-19

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SMXtimes50folds

4,754 Posts.

526

05/08/23

00:30

Post #: 69173100
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Originally posted by farmerluke: ↑

Suggestion: Do a class action against the Directors - I would imagine given the accusations of corrupted behavior they probably have D & O/management liability insurance. At least shareholders may be able to get a payout and hold the directors liable for the financial losses they have inflicted on shareholders through negligent actions on behalf of the company. Remember directors have a fiduciary responsibility to act in the best interest of the shareholders - not themselves. I'm sure during a legal discovery there would be a lot of information come to light that would be able to give an insight into the management of the company (including minutes from meetings, emails etc).

Just an idea, but I hope it helps

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And where do we start? How many current and former shareholders do we need in order to start this class action?

HLF Price at posting: 0.7¢ Sentiment: Sell Disclosure: Not Held
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