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3.9¢ g medical innovations holdings limited

This is a very naive post I’m sorry to say.

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Upthefog

1,696 Posts.

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16/09/19

18:05

Post #: 40441468
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Originally posted by Jananch ↑

If this goes into another suspension (maybe a long one) it should be easy to show negligence with damages caused to shareholders. I would think there is room to file a claim against management and the board for not acting according to their duty of loyalty and care. They should have a D&O policy in place for these cases. Even if we get $50MM its quite a lot for this company. Not saying this is the preferred route but there are certain mechanisms in place to protect shareholders (ASX has clearly done a poor job doing so). In the end of the day, management has not followed the rules and has caused damage to shareholders. That might be the bottom line. Again, i still hope things get back on track with a positive update tomorrow but there is that....

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This is a very naive post I’m sorry to say.

GMV Price at posting: 8.1¢ Sentiment: None Disclosure: Held
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