While we're on this topic of filling in the creditor forms....
The liquidators are going to be inundated with shareholders claiming they are creditors because they were provided misleading information. It seems though that there are a lot of questions that remain. I think this strategy should be discussed here, and that a lot of people sending in forms may not necessarily get anybody anywhere.
Has anybody got legal advise, or sought representation for this matter?
Does anybody intend to? - I would hapily contribute to legal costs if I could be presuaded that there was a chance of recieving even a small percentage of my outlay.
Has anybody contacted the larger shareholders in relation to their holdings and what their intention is regarding the liquidation of assets?
The biggest question is how much is left to distribute after assets are sold - and of course the timing of when they're sold makes a huge difference to this figure. That being said, as shareholders claiming they are 'creditors', isn't it in our interests to differ the sale of assets such as the ones in Chile until the price of copper returns to something above decade lows?
If you actually become recognized as a creditor, what then, would you accept the asset being sold for peanuts so you can get your share of that?
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