Well i copped a bit of abuse from a mate last night he talked to korab...
People can contact korab to be sure but he was told the minority shareholders were professional investors who put in cash over the years and that no korab shareholder got any shares only entitlements. Which because it didnt list no longer exist....any broking statements only show entitlements to the no of shares when and if it listed.
He is out a potential $100k and an actual $40k but of course can only claim the $40k. I stayed in so am only a paper loss which might come back but need more detail about the forward plan.
Cant help thinking that someone with deeper pockets and more lost will consider legal action.
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- Ann: Korab assets strategy review
Ann: Korab assets strategy review , page-33
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