Chucke --- I think there are several possible courses of action...

Chucke --- I think there are several possible courses of action in benefit of the shareholders that need examining quick time .

1: Company launched litigation against the state government.

2: Shareholder action against the directors ( I find it almost inconceivable that they did not have some idea that this was coming when they launched the recent capital raising )and in any event those raised funds should at least be ring fenced by the regulator until proven otherwise .

Further advice should be taken as to the appropriateness of action under the misleading and deceptive clauses of the relevant trade practices acts.