If the case against directors/company had merit then liquidation would be the most viable option for YA to take out the assets of CMR and sink the vehicle along with tax losses, they don't propose this as have no fear of action by minorities.
As mentioned in a previous post- administrator, ASIC and litigation funders came to conclusion nothing to pursue or in the case of litigation funder no one to go after that can pay.
It gets even better from directors perspective as they would call on D&O insurance to cover their litigation costs, so in effect shareholders money used to pay for an insurance policy to fight same shareholders - cute but that's corporate life.
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
