In reply to my previous post and after further legal advice as...

In reply to my previous post and after further legal advice as previously stated, yes, I did speak with another specialist lawyer in regard to shareholders rights and what will happen to us should this resolution comes up with a "YES" vote.

Let me confirm what I previously wrote and that is that, should the "YES" vote gets up, we have no chance at all to be able to sue the Govt. as the Govt. is the one which made the offer to our company, and the company has accepted it. So, like or lump it, the Govt. will remain free for any future litigations and obligations, if any.

The Lawyer also advised me that if the "YES" vote will get up we have no chance in hell to try to sue the Board for what they have done because the majority of the people voting in/for the resolution, have confirmed and approved what they have proposed to us.

We have two chances then.............
A) Buckley's, and
B) None.

We would then only have one chance in pursuing a class action against the Directors and/or the company but, the only chance of us been successful in such a class action then, would only lay if the Board has misrepresented us with all of their announcements and the promises they did make to us, and should all their releases prove to be have been baseless and considered to be misleading to investors.

I am now waiting to see what the chances are for us to start a class action, should the need arise, after these lawyers will have a better look at what has happened to us over the last few years.

One thing if I may add here, was that that person concerned was amazed to find out that, even after having won a Court Case/Action against the Govt. and where we were awarded costs as well, no money has come forth from the defendants in that case (I.e. the Govt.) and that the company didn't make sure before negotiations started to take place for $25 mill settlement, that that money wasn't collected before that. Especially when the defendant (I.e. the Govt.) didn't even bothered to lodge an appeal to the Court's rulings.

If that was to have been done, we wouldn't just have approx. $7mill dollars left in the bank to fight the Govt., but the $7 mill plus the damages awarded to us and the legal costs which were awarded to us as well.

As such, we would have been in a far better position of strength to be able to negotiated, than what we are now.

The only chance we would have now would be to ask a Court to issue a Court Injunction to stop the meeting and the voting to go ahead and then explain to the Court Judge as to why we lodged an injunction. The point is that to do such a thing the costs can run in or around the $20k dollars plus running the risk that we may not win it.

As I previously wrote, our dearly beloved Board, which IMO is hopeless, have done their DD and asked the big wigs wearing the black silks what and how they can do thing without running the risks of getting caught out with their pants down around their ankles......Sad yes, but true as well.
And guess who were the ones that paid for all that.?? Did it came out from their own emoluments.??
Perhaps you know more than me in that regard.

For the life of me I cannot understand how some posters are allowed to be posting such baseless crap in these threads without first doing any proper research before doing it. Unless of course they have a method in their madness in trying to convince us to go to their ways of thinking.

Good luck to all and I will let you know if I hear anything else from these Lawyers.

I will definitely vote "NO" and, IMHO people should use their heads and not their feet in voting.

What concerns me most now though, is the fact that some big punters are coming in the equation and holding some large % of the company issued shares, and I can bet London to a Brick on, that they are there for one purpose and one purpose only. Only time will tell.

Good luck to all.


PS.: Should I hear some more form these lawyers I will share it with the forum...