important test case could change the law and give shareholders the same rights as creditors, this case if successful will open a can of worms and give shareholders the rights they deserve
in a nutshell, if the company did not disclose correct information to shareholders, and then bad news that was made available caused a loss or reflected an adjustment in the share price , in the event of being wound up shareholders would have the same rights as creditors.
Lets see they are also talking about multiplex and other companies............
looking at HC posts I wonder is that what LUM and MUL posters believe......................incorrect disclosure ????
Can of worms about to be exposed, but I wonder if anyone has the gutz to change the law cheers
SGW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
