CLASS ACTION LAWSUIT, page-6

First 6 Last

Share
Profile

Follow
MrFantastic

3,088 Posts.

1342

31/05/25

21:25

Post #: 79265892
Share

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!

Expand

I’m with SISU. DC has been nothing but a tyrant. He got it right. So what. He could have been wrong. The fact that he continued to say the same thing week in week out, shows he has mental issues. Let’s leave him out of it!

MGU Price at posting: 0.8¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $4.486M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$230	57.5K

Buyers (Bids)

No.	Vol.	Price($)
14	11170742	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	752380	6

View Market Depth

No.	Vol.	Price($)
14	11170742	0.003
17	37090499	0.002
4	62000000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	452380	5
0.005	2331733	6
0.006	4226405	5
0.007	4462064	7
0.008	6991430	4

Last trade - 10.04am 16/06/2025 (20 minute delay)

MGU (ASX) Chart

CLASS ACTION LAWSUIT, page-6

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CLASS ACTION LAWSUIT, page-6

Top Stories

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News