legal compensation

  1. 3 Posts.
    hello all.my take what went down late 2007 early 2008, the director representing the the major shareholder at the time 12/07 called in the future administrators to conduct a so called due dilligence on the financial robustness of our company.in feb 08 the company was flick passed over to the administrators. by law the admim could not sell the nickle asset remember ,vre had allready received a previous $24Mill offer from mincor for view nickel in the last quarter 2007, the said director of the major sharehollder entity possibly made an error in calling in the admin eg, its like selling your car and agreeing with the interesed buyer and taking it to the BUYERS mechanic ,it is very unlikely that you will get a glowing report from the BUYERS mechanic .also if one sent a potential administrator to investigate all asx companies for financial robustness one would have to ask how many would pass the same test,a very grey area. is it incompetence by the director of the major shareholder or a gravy train par exellence for the mechanic not withstanding the patently unstanstiated glowing announcements made over the pre ceding weeks, late 2007 by our GENIUS directors at the time, either way their is multiple avenues for collective shareholder legal compensation in regards to previous directors only regards, keith
 
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