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Hi Jake,I agree with your opening statement. However, I think...

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MarkyBoy49

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12/02/20

21:07

Post #: 42897479
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Originally posted by jake0002: ↑

We have all been aware of the co-ordinated and concerted campaign by certain posters on this forum, to damage the interests of EDE and its shareholders.

We genuine shareholders are interested in discussing the business operations of EDE, and its investment potential.

We all know that EDE equity is currently funded by retail investors, and as such, many shareholders and investors frequent this forum.

So what better way to attack and damage EDE and its business, than by denying EDE the opportunity to raise equity from its retail shareholder base?

These attacks have been aimed at haranguing shareholders and potential investors, have been disproportionately large in volume, and have been deceptive and misleading - with little or no factual basis, and little or no interest in truth.

So it was of great interest to read this article relating to a very similar issue which an ASX listed company, Retail Funds Group was attacked by a hedge fund and short seller, Bonitas.
Bonitas published material alleging all sorts of matters, attacking RFF over its funding, assets, balance sheet, mgt, board etc etc.

RFF took Bonitas to court, and has won.
Bonitas is now liable to damages. Interestingly, whilst damages will be awarded to RFF, I would imagine that any RFF shareholders who suffered losses would also now have the real opportunity to claim damages for shares they sold as a result of the deceptive and misleading claims published by Bonitas and its owners.

This article is available to the public.

Apologies for some of it being out of order.

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Hi Jake,

I agree with your opening statement. However, I think the following is case is far more relevant to the situation on this forum:

https://www.businessnews.com.au/article/Flinders-takes-HotCopper-to-court-for-shareholder-info

I personally hope that Eden ignores the crap that is posted every day on this forum and concentrates on the business side of things.

Taking legal action takes up far too much valuable time. Time that would be far better spent ensuring the success of EdenCrete etc..

Cheers.

EDE Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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Hi Jake,I agree with your opening statement. However, I think...

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

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Hi Jake,I agree with your opening statement. However, I think...

Top Stories

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News