does joining class action cost me anything?, page-10

I love the way that the class action (which I consider to be a nonsense anyhow, because it means that by joining it, I am sueing myself, BTW) only relates to a particular trading (not holding) window.

Really, the point is that EVERY single shareholder who held shares throughout that period was 'exposed' to the risk, but that is seems very unequal that if you held 1M and bought none - too bad, but were a brand new shareholder and bought a token $500 worth of a minimum parcel, "you qualify". Yes, too bad, but guess what ? Most of us, like me, just went and 'got over it' instead of looking for blame well after the fact. Times have changed.

So, in my opinion - to allow a select group of shareholders (those who bought within that period) access to 'justice' - and I use the term very loosely - is utter rubbish.

It is the same logic as saying "if you bought it after the dividend announcement and before the ex-date, you get the dividend, but if you held it before and didn't buy any, you don't get the dividend". Well, I am still bearing (and would say, more of) the risk of even getting a dividend, whether it also be increased, same or decreased as per the same time last year than a 'latecomer' to the party.

This is a point that I did raise with the firms involved, but they didn't seem to quite understand my simple logic.

If anything, what on earth is the point of going after the company with new directors, particularly when there could be new shareholders who joined after this debacle ? Why are THEY guilty and why should THEY suffer ?! The new entity is different and the people who really should be chased over this are long gone.