Australia's largest stock trading and investment forum Australia's #1 stock forum

SO4

Click for more information

0.00%

31.0¢ salt lake potash limited

Lol, 2 weeks of insolvent trading.What do you think the value of...

First 24 Last

Share
Profile

Follow
LHSwordsman

87 Posts.

1

24/04/23

11:30

Post #: 67426135
Share

Originally posted by camban: ↑

Good summary on class actions, thanks. On the points regarding what it takes for ASIC and ASX to get involved, both most certainly should be here:

AFR: Investigator raises alarm over Salt Lake Potash collapse

"The company that wanted to blaze a trail for a new potash industry in Australia may have traded insolvent for two weeks and withheld important information from investors when raising funds, according to a report into the collapse of Salt Lake Potash.

The findings were made by special purpose administrator Dermott McVeigh, who added that his investigations into Salt Lake Potash were “hindered” by a lack of co-operation by most directors of the failed company."

Expand

Lol, 2 weeks of insolvent trading.

What do you think the value of such a claim would be? $5m max maybe. No law firm is getting out of bed for a $5m class action.

Listen to TerribleTadpole. His post was very accurate with respect to what is your claim for, how much and who will pay?

There is no claim worth pursuing here. Not for a law firm on spec at least.

Running a business poorly is not a crime or a tort.

SO4 Price at posting: 31.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 46 more messages in this thread...

First 24 Last

Add SO4 (ASX) to my watchlist