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The case centers on an Australian mining company, Compass Resources, which was controlled by Yorkville. The defendants' plan was to "gain control of CMR's [Compass's] board and use it to improperly drive the company into administration," the complaint says. "Once CMR was in administration, defendants would wipe out Yorkville's interest and pick off CMR's assets for themselves at bargain prices."
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Yet another example of where Compass Shareholders were shat on from a great height... Corporate raiders consumed with greed and with no sense of decency or fair play for hardworking everyday shareholders.
And with no one coming to our aide to protect us and right the wrong and restore the balance of what should be a fair market...
Disgusting... and now distrusting...
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held
