Any hope for MBN?, page-108

Hi user,

If accurate then:
- Why else be unable to meet financial commitments leading to suspension and then triggering VA?
- Why else be chasing additional funding?

In any case appears we were " ... not told otherwise of the financial reality that may have been much worse "

So in my best legalise having a few legal firms look at actions within areas of:
1. Failure to Keep Market Informed (Corporations Act s 674; ASX Listing Rules 3.1 and 3.1A);
2. Reasonable Care and Diligence of Directors (Corporations Act ss 180, 344); and/or
3. Misrepresentation (Australian Consumer Law s 18; ASIC Act ss 12DA, 12DB; Corporations Act s 1041H).

Have you or anyone else here on HC approached law firms to consider actions and remedies available?
If so which law firms and what actions?

Cheers