Ann: Blumont recapitalisation update , page-6

If the directors screw shareholders by calling in administrators early, surely they would risk a class action against themselves, after advising shareholders against CRC and then totally misleading everyone (whatever the fine print) over the recapitalisation. A child of 10 with access to the Blumont balance sheet could see they didn't have anywhere close to $100m in cash. And if the directors didn't read the balance sheet, what are they paid to do, and why is left to shareholders to do that for them?