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iceman.11

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02/07/19

17:14

Post #: 39339006
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Originally posted by Catstar: ↑

here one for ya LH ...remember once its on the web...it stay's there

https://www.businessnews.com.au/article/Flinders-takes-HotCopper-to-court-for-shareholder-info?amp

Flinders takes HotCopper to court for shareholder info

Adrian Rauso
Thursday, 27 June, 2019 - 11:41

Category:
Mining
Regulation
Free to read
Flinders Minesis launching legal action in theSupreme Court of Western Australiaagainst the owner of stock forumHotCopper Holdings, seeking details of users alleged to have made defamatory statements in relation to the board and company.
Yesterday, a document lodged with the Supreme Court said Flinders and five of its board members, including the now-resignedShannon CoatesandDavid McAdam, were seeking an order that the defendant, Report Card Pty Ltd, provide details of 23 usernames that posted on HotCopper.
The defendant, Report Card, does not oppose the orders sought.
One reason for the legal action is that the posts were arguably defamatory, according to the document.
“It is arguable that the posts were made with malice, using the occasion for some indirect purpose or indirect motive such as to cause injury to another person,” it said.
“The sixth plaintiff (Flinders Mines) has suffered actual damage as a result of the posts.”
The legal action comes less than two weeks after Flinders announced it would improve its strained relationship with its minority shareholders.
“As part of the path forward, the board intends to build on its shareholder engagement and will ensure shareholders remain fully informed as the strategic plan is executed,” Flinders said on June 17.
Business Newsunderstands at least one shareholder has received a 'cease and desist' letter from lawyers representing Flinders, in relation to the creation of online forums it alleges were used to facilitate a campaign of harassment against the company and board.
Flinders is majority owned byTodd Corporation, which also ownsBBI Group.
BBI Groupis seeking to develop a $6 billion infrastructure project in the Pilbara which can link Flinders’ isolated Pilbara iron ore project to a port at Balla Balla.
Companies:
Flinders Mines
BBI Group
Todd Corporation
Supreme Court of Western Australia
HotCopper Holdings
People:
Shannon Coates
David McAdam

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Quite a one-way street, ironic that RIs have next to zero recourse on recouping capital losses from ‘failed’ forecasts, spiel that fails to materialise, lack of transparency when suits, CRs that dilute your holdings if you don’t continue to support a downward spiralling sp, BoD member selling out at a sp never ever seen to this date.

Just saying!, arguably a 100% fact!

OBJ Price at posting: 1.5¢ Sentiment: None Disclosure: Held
4 Upvote

2 Great analysis

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