I have been through this with layers that specialise in this type of action.
CCC is broke. So my understanding is that the investors that fund these actions. Want a return on their money as well as investors.
This leaves you in the camp of either funding action yourself or getting a group together.
If you mean will action by ASIC end in compensation. If you still do not have your money back. You would think a refund would be forthcoming.
ASIC would be the people to talk too on this.
Action is being taken against Peter at NKP.
A special genral meeting has been called to release loan documents on a related party loan.
It seems this is prelude to a large investor potentially suing the cap'en if I'm reading the NKP thread right.
CCC Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
