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Does indemnity insurance provide coverage if the directors have...

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Rusty2791

83 Posts.

14

23/11/20

13:08

Post #: 49069161
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Originally posted by kpt3891: ↑

Excellent idea. I don't think ASIC or ASX have shareholder interests at heart at all. Actually these two organisations are implicated in allowing the company to operate and trade for so long. Thus allowing shareholders to invest. And as for the liquidators all they want is their $1million + fees.

The big problem us retail shareholders face is that the door has been slammed shut in our face for years. I have lost a lot and the lack of communication on all angles & the way this whole saga has been dealt with is depressing. Have now written it all off in my mind long ago, even if we never see a cent, these Gutnick & Co ratbag scum should not get off the hook. I would welcome a facebook page or telegram page and be a member to explore any avenues we may have. These directors should have held indemnity insurance which could be an avenue and blind freddy would be able to unveil all the links between Jo Gutnick and assets under his wife/sons name.

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Does indemnity insurance provide coverage if the directors have engaged in criminal activities (assuming ASIC peruse this)?

Also I am looking at Facebook at this stage as a platform, as I (and most others I am sure) are probably not to familiar with Telegram.

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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