Class Action YES or NO, page-2

First 2 Last

Share
Profile

Follow
AJ7

15,693 Posts.

1142

28/08/20

18:55

Post #: 46908898
Share

Originally posted by Scott th Ratbag: ↑

G'day everyone...

Our discussions on IGE have ranged from desperate to melancholy and, with no news now forthcoming regarding either the ASX suspension or funding and the directors propping up liquidity, we regular posters have had enough discussions that end up going nowhere.

Its plain to me that we aren't going to get any info from the co. any time soon. I personally am fed up with waiting patiently and feel that we should decide if a class action against the directors is what shareholders want to go with, or if we should recognise that we've just lost our $$$s.

I'm asking for views on the possibility of pursuing a class action?

We also need someone who has some legal experience, preferably with understanding of how to get a class action going, to undertake the effort to lead enquiries with lawyers and to negotiate arrangements.

There are 1,564 Holders with less than 100,000 shares each, around half of this number have less than 1,000. Many, like me, aren't big traders but simply trying to make superannuation money a wee bit bigger. Some, I reckon, have been holding for years and have lost interest. Therefore I consider there's probably not much money to start a class action fund.

So is it worth pursuing a class action?

cheers Scott.

Expand

yes, I am with you for the class action. They are doing nothing no work on the field. How come there is no progress of whatever shit they are doing to plastic to fuel? If there is progress how come they don’t share it?

IGE Price at posting: 13.0¢ Sentiment: Hold Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

There are more pages in this discussion • 103 more messages in this thread...

First 2 Last

Add IGE (ASX) to my watchlist

Class Action YES or NO, page-2

Top Stories

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Featured News