Hc members are still free to speak their mind as long as they observe the TOU.
SOCs threat of legal action coincided with the release of notices by the directors which confirmed that Patrick was selling into good news while Rocco and Charles were both on the board.
The Takeovers Panel has found that these people are associated by a common goal or purpose.
In my opinion one of their common purposes is to enrich themselves, their family and their friends by issuing them cheap shares and in the money options.
SOC has threatened members with an injurious falsehood suit which is not defamation.
https://legalvision.com.au/difference-injurious-falsehood-defamation/
As long as you do not intend to cause harm to the company there is nothing to worry about.
In my opinion this threat of legal action is nothing more than a feeble attempt to silence criticism of the board. In itself I believe this is misuse of company funds for the director's personal benefit and the cost of these legal fees, as well as the costs incurred by the Company in defence of the takeovers panel application should rightly be reimbursed by the directors.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 100000 | 9.0¢ |
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Price($) | Vol. | No. |
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1 | 156084 | 0.083 |
1 | 30000 | 0.082 |
1 | 127500 | 0.072 |
1 | 15888 | 0.063 |
Price($) | Vol. | No. |
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0.095 | 25000 | 1 |
0.098 | 22205 | 1 |
0.100 | 20000 | 1 |
0.120 | 12545 | 1 |
0.125 | 67500 | 1 |
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