Class Action required to stop Rajen from sending Compnay income in the name of costs

The problem is, it's not illegal to be incompetent and manage a company poorly so long as you don't trade while insolvent. For example, its not illegal to pay more staff than you need. It's very poor management, but it's not illegal if you remain solvent. I would imagine ASIC would have been keeping an eye on other activity during the court proceedings to prevent anything illegal going on, but I doubt they'd step in if it's just poor management. A class action would be fantastic, but why would holders want 2 -3 more years of uncertainty in court proceedings that will scare off potential investors and bleed the company in legal costs? It would benefit those who sold out at a loss, but not current holders. The best scenario for holders is for Rajan to go and the company to improve performance to recover the share price. As in maybe sell something for a change. I would imagine the judgement is not far away now, so lets see what it reveals and then we'll be in a better position to determine next steps, class action or otherwise.

Did you have a chat with them in AGM or similar? Your writing is a strong message to inspire others to push the ceo.
Just out of curiosity, the ceo's shares are down and no dividends and no gain in SP. How can he convince him in staying as the ceo, whereas a new ceo may imporve the performance and improve the share values. The ceo is not gainign anyhtign from his shares other than salary and comission from the fund channelled to suppliers throuhg overinvoicing... What do you think?