IMO the class action is the way to go but we need to understand who the right targets are including the roles they played. The Directors obviously but the role of KPMG, Korda Mentha and company lenders should all be examined as part of any action. SHs contributed approximately $250,000,000(need to confirm) through various CR with a 100% write off outcome. Who are the larger SHs and who is likely to instigate the class action and timing? 2023 is the year to get the class action underway assuming a major litigation funder is willing to build the syndication team. I am sure there are many willing SHs who will participate.
- Forums
- ASX - By Stock
- SO4
- Ann: SO4 Recapitalisation process has commenced
Ann: SO4 Recapitalisation process has commenced, page-51
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SO4 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online