Originally posted by avagadro
I know you are very excited over this news, but these are civil claims against the directors themselves, not the Getswift entity. Business would carry on and employees would keep doing their thing - it would remain unaffected beyond the impact of having two directors removed etc.
Certainly a lot of people don't like these two guys, but beyond that it sounds like ASIC feels, as a result of their investigation, they have something to make a case with against Bane and Joel and given that the implication is probably along the same lines as the class action (therefore I think claiming fraudulent director action), I would imagine their proof will have to go beyond balance of probability and instead prove a claim against them beyond reasonable doubt.
Lucky they have stupidly high pay packages to fund their own defence ..... and I mean that, it had better come out of their own pocket and not the company purse.
Refer to last page...unfortunately this does affect the company directly, and therefore unfortunately, shareholders too
