CLASS ACTION LAWSUIT, page-5

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Sisu123

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31/05/25

20:33

Post #: 79265641
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Originally posted by Greenisgold74: ↑

Subject: Formal Notice: Unified Shareholder Class Action Against MGU BoardTo All MGU Shareholders.

It is with profound disappointment that we address the persistent governance failures of the MGU board. Their lack of accountability and transparency necessitates decisive action. I have initiated preliminary inquiries with multiple law firms to prepare a class action lawsuit aimed at addressing the board’s mismanagement and safeguarding shareholder interests.

To ensure coordinated communication, a dedicated email address is being established. Shareholders wishing to participate are requested to contact us via direct message to obtain this contact information. Unity is paramount—our collective strength, representing 59% retail ownership (Web ID: 11), will drive this initiative forward. A minimum of seven shareholders is required to proceed, and with your commitment, this threshold will be readily achieved. The more that get involved, the greater the pressure.

We recognize that DC’s vocal critiques of MGU’s leadership have caused friction among some investors. While his approach has not always been universally embraced, his warnings about the malevolence of this board have proven accurate. Having served on numerous boards, I bring extensive experience in governance and affirm that this board has repeatedly crossed lawful and ethical boundaries. We invite DC and all shareholders, regardless of past differences, to demonstrate their commitment to our shared interests by joining this effort.

This is not a conflict among ourselves but a unified stand against the board’s failures.Participation in the class action entails no out-of-pocket costs, with litigation funders covering expenses and receiving 20-40% of any settlement, estimated at $750,000–$1.5M (Web ID: 8).Call to Action: If you are resolute in holding the board accountable, signal your commitment by hitting the analysis button (then I know you actually read this and you are serious) to join the class action. Only those prepared to act decisively need respond.

We are unwavering in our pursuit of justice. Join us to ensure the board faces the consequences of their actions, or there lack of!

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I appreciate what you’re doing here mate, but I’m a man of principle, and I will not stand beside a bloke that has been actively baiting and insulting fellow investors, I stand with my fellow investors but not him

MGU Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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