missed the class action - what happens next, page-50

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SirEdmund

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13/07/17

20:19

Post #: 25854942
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Originally posted by jimk3758 ↑

I lost about $1 million dollars not just 100s of thousands. I don't mind other eligible holders to joining the CA at all provided they were not so lazy they do so in the 18 months prior to money placed on the table. For those who were too lazy and not want to have a grab at the money is unfair.

Here's why it's unfair; let's say there was 3,00 members who had registered proir to settlement and MB decided besides insurance SGH must pay an extra $4M. OK, deal done...now another newbies who were just too lazy or did think it would go anywhere want to have a money grab at money on the table now. If MB knew that there would be so many Johnny-come-lately who want in they may have said SGH must put in $8M extra.

Open class actions mean the rewards of the settlement go to all people potentially affected anyone but I don't think it means you can money grab after settlement. If that is the case why would anyone ever bother to register for any CA? Just wait until well after settlement is being paid out and then just let them know where to send a cheque. I don't think SH who registered well before now should be diluted after settlement. I would certainly rather see SGH liquidated before being diluted to a cup of coffee payment.

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this is all really a bit rich and almost amusing from someone who has been taking such delight in repeatedly trying to taunt current holders about how they will be 'diluted to oblivion'..

SGH Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
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missed the class action - what happens next, page-50

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