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19:11
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Originally posted by Mentalist123:
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Jayneen, I hear two big fish joining an action . Both are called piranhas I’m told. Don’t know their names. I think both from Sydney. Incompetence action will most likely be against the mining contractors, Directors especially, only guessing probably breach fiduciary duties, trading insolvent, false and misleading statements ( trade practices act)I will come out in the wash if there is any problems. This is a shareholder's entitlement action. If you bought shares based on something that TBA announced and never eventuated or was false you have a right of recompense. This is just from what I’ve been told along these lines. I’ve heard other lawyers involved as well. I think the receiver may be in for a shock as well. This coming from circle of members of the action group discussions. At the moment nothing set in concrete but I think rough ride coming for a few. Lots and lots of questions need to be answered and every dollar to be tracked that has been spent is on the agenda from the group.we will all have to wait to see how it plays out. I’m told this action will go to the end. If you are not part of it then no reward. There will be a claim against the directors insurance more likely. Have no idea at this time what they may involve in dollars.
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I thought that any self-respecting shareholder would go quietly in shame, hoping to escape association with a show that had more red flags than Moscow in 1945.
(20min delay)