It would seem that there is an incredibly strong legal argument now, given the proxy advice retraction, that the company breached regulations.
This opens up a whole can of worms with regard to a Class Action, which also becomes very strong.
Is anyone in Sydney in contact with Class Action lawyers like Maurice Blackburn ?
Perhaps on the grounds of deceptive behaviour for personal gain.
It would also seem that there are also very strong grounds for shareholders demanding a delay in the vote of 3 to 6 Months. My understanding is that this is a simple procedure and can lodged at any court, though others would know more about this than myself. If any of know a lawyer or have one as a friend, can you give them a quick call and enquire about this.
Does anyone belong to the Shareholders Association. I think they can support shareholders with free legal advice.
Gw
NTC Price at posting:
$1.09 Sentiment: Hold Disclosure: Held
