GSW 0.00% 29.0¢ getswift limited

For losses suffered by investors who can prove the market was...

  1. 34,916 Posts.
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    For losses suffered by investors who can prove the market was not fully informed as to various contracts' status and were therefore misled GSW has $100m in the bank, this is about a good a target as one good get for such legal action in terms of ability to pay

    $100mil right now, how much by the time a lawsuit is instigated and a decision made? You're talking a year or more down the track. A year down the track if investors are legally suing GSW then their aggressive growth plans have failed and there won't be $100mill to share around. These lawsuits can only work if the company is generating cash, otherwise little will find their way back to investors after all preferential creditors and lawyers have taken their cut. Let's not forget $75mill of their cash went to the recent insto placement. If there was legal action, theirs would be separate for that amount. Nothing left for the average investor. I suspect many have never been involved in a investor lawsuit. Might be best to research the realities. Very unlikely there will be a class action. If there is you'd get a better result selling your shares when they relist.
 
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