No one has lost any money (yet- and granted it isn't trading). ASIC /ASX /multiple auditors / KPMG have pulled their businesses apart and affirm there are functioning assets there, the majority of shareholders are signing over, and ambulance chasers MB themselves have walked away. We just had an AGM where shareholders voted yes. Legal action for what?
Not to say we won't eventually be wiped out, fees won't carve us up or the businesses won't fail. If so I hope there is fraud so we can claim against D&O insurance. And if so I hope he and his crew are thrown into a dark, dank dungeon on a freezing hulk tormented by big jail bullies every day for the rest of their natural lives. Right now I want the ship sailing again with a new board, bundled up and listed on the ASX, Then we can sell and never hear of them again.
Did anyone go to the AGM and test KPMG about those businesses and their value?
HML Price at posting:
$1.99 Sentiment: None Disclosure: Held
