intelligentinvestor.com records AVZ share price daily and...

intelligentinvestor.com records AVZ share price daily and intra-daily.

Shareholders would do well to consider what a Silk / lawyer would be estimating for $AVZ directors, that is? Hypothetically, How to nullify a class action etcetera.

I don’t believe for a moment the threats to management that if SP is not abide ATH there would be a CA.

This is because $AVZ lawyers on May 4 manage to declare there is a conflict but also managed to say it’s spurious, hence why MOST of you here are still holding and also because you listened to team leaders here as well, which BTW is poisonous for your legal sense of entitlement. Because if AVZ can show you were not misled because you said you relied like many on Mr Joe Blogs here or X or YT, you’re in trouble. So that’s why I don’t believe.

So what would a Silk commissioned by AVZ lawyers advise. That’s beyond my remit to advise, but in my opinion, it would be about how to reduce legal risk to the precious ones in the AVZ office and that means what was the closing share price on May 4 2022?

78cps

as you can see it was floating above 1 dollar for many days, but come May 4 finished at 78 cps. I would say that’s the ceiling internally AVZ held onto as best outcome because AVZ warned you on May 4 about conflicts implicitly. And you would have to show you understood and relied on AVZ statements to hold beyond May 4 IMO BUT it gets HARDER, you then have to show what would you have done if AVZ had not confused you, or advised you insufficiently on May 4? You have to show an intention to have been wanting to sell or was selling — without that you may not have a claim that you relied on AVZ statements.

so yes, corporate law makes it hard for regular punters to realise justice because they don’t understand the coded language or culture like industry insiders. Even then industry insiders can be fooled. So be warned AVZ IMO AVZ Lawyers strategically dialled in AVZ May 4 2022 with a view how to screw legal action against the directors and or company.( Different legislation focuses on different entities)

so, what’s the bottom line? I think— could be wrong—Omnibridgeway class action is an institution from the 2021 June CR or the December 2021 raising. Irrespective of who is the lead applicant in the OB class action, any one of those institutions probably has a fiduciary duty to its investor which would prompt a duty to seek legal recourse.

13.5 cps would be the lowest worst case to match 2021 raising. Recall the investors in that raising may not have known Dathomir was declaring the SPAs cancelled. This is no easy push over, Whoever you want to believe is behind Dathomir other than Simon Cong, Simon Cong is no push over with his Congolese beneficiaries. AVZ made enemies and they would still be resisting without their share of proceeds to come

50cps December 2021 investors — this is the key group to worry IMO for AVZ.

as stated this is in my opinion legal fact arguments may focus elsewhere including the insufficiency of AVZ disclosure on May 4 2022, but a judge may just accept AVZ have warning even if implicit (not explicitly), that the JV is conflicted with rivalry — that should be enough to sell — a judge may reason.

above 50cps, even a little below might allow AVZ to survive a class action. Of course regular punters who have felt cheated will get cheated again many lawyers like OB who will milk to their 8th sun rises on the 7th day.

Besides that any bad news from the Australian jurisidiction concerning Marius Mihigo would also temper expectation and it’s a reasonable to speculate that this is another pressure to get a result before any potential bad news emerges. AVZ’s access to this project started with influencers, none of other than Klaus, and now AVZ acquired the project was sufficiently sensitive to make it the subject of an editorial in BullsnBears Matt Birney. Let’s just say, Cong is mentioned 18 times but the political figures 0.