SRY 0.00% 0.4¢ story-i limited

Ann: Request for extension to voluntary suspension, page-6

  1. 84 Posts.
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    Don't bother with a class-action lawsuit, no lawfirm is going to take you on and even if they are willing, it will go nowhere.

    You can't just sue a company because the trading of their shares has been suspended. Class action suits are generally taken on by shareholders if an illegal action by the company has caused real loss to the shareholders. For example, the sale of company shares to a related party. Or embezzlement of company funds.

    A shareholder can also sue a director for a breach of their director's duties. But imo, an administration failure does not reach anywhere near the threshold required. Usually a breach of director's duties claim is taken for trading whilst insolvent etc.

    So just ride it out, yeah it sucks having your money tied up for so long. But they will eventually come out of suspension.

    This is just a risk you take on as a shareholder
 
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