The balaance of this reply is a slightly edited repost a big chunk from my earlier post on the Anna thread.
I've thought about it and imo class action sounds a little daunting in isolation.
However, if Cougar itself were to instigate multi party proceedings, there could be value/power in a "joined" shareholder class action perhaps? Any legal opinions out there?
I can see commonality and efficiencies in evidence ... I can also see common legal representation ... a whole lot more press and the public relations efforts of many.
I can definitely see a Queensland Labor Govt 12-18 months out from the polls not enjoying the scrutiny such a case would bring ... especially if it gains traction from a probity, watchdog, ombudsman and liberal opposition perspective.
It may be worthwhile exploring this option and assesssing interest ahead any possible company instigated actions imo?
Cheers Dex
CXY Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
