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Really love your words ... especially “mess of...

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jm3767

954 Posts.

221

09/09/22

12:28

Post #: 63612186
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Originally posted by Pioupiou: ↑

In contract law there is the concept of laesio enormis, a humungous wrongdoing that cries out for legal redress. In this post I refer to the meaning of the words per se, not their application in contract law, which simply allows a contract to be set aside on the basis of unconscionability. There is no contract that NEA retail shareholders can set aside, but a great wrongdoing is in the offing, IMO.

Because of my age, I do not share the long-term dream that younger shareholders had, and I skipped out of NEA at $2.10 recently, and about two years ago at circa $2.75. Consequently, I do not have an incentive to bother about the perceived humungous wrong. But if I were aggrieved, I would:
articulate the perceived wrongdoing;
point to HC posts to evidence widespread feeling of being wronged;
feed that to the press, particularly the Australian Financial Times;
make a case of perceived wrongdoing to ASIC, politicians and whomever; and
attempt to get a class action going, if the foregoing action does not elicit it..
Management has for a dozen years used shareholders' funds to develop NEA, and seduced many to believe that investing in NEA would be a life-changing investment, which Management is now advocating be swapped for a mess of pottage.

It would, IMO, be very easy (a few hours of effort) to turn this story into a national scandal.

The contrary view is that the foregoing is the ramblings of an old codger in his dotage.

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Really love your words ... especially “mess of pottage”

“Management has for a dozen years used shareholders' funds to develop NEA, and seduced many to believe that investing in NEA would be a life-changing investment, which Management is now advocating be swapped for a mess of pottage.”

Maybe as you allude, fear/threat of a class action could “sharpen minds” of bod..
NEA Price at posting: $2.09 Sentiment: Hold Disclosure: Held
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