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Quintis Class Action, page-7

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pko65197

1,288 Posts.

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20/05/17

06:42

Post #: 24807894
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Originally posted by Marla ↑

With a class action with say , Maurice Blackburn ( you can see their current class actions on their website with details) you would only go forward on an unconditional basis . That is no charges and the firm gets backed up by a large fund. Slaters also have a number of cases you can see on their website.

A class action can proceed whether or not you still retain the shares. The crux would be that the shares when bought were inflated in comparison to where they would have been if the disclosure was known. That the non disclosure was not reasonable . This is simplistically put for the sake of brevity. Reading some of their class action details is much more illuminating.

With Bellamy's for example it was straightforward. No disclosure of sudden decreases in revenue sales which on any reasonable view would affect profit figures.

Here its a bit more involved. Take Galderma. Here you have a non binding contract that they will say, they had not factored into the proposed annual results anyway. In other words it was not a matter that went to profit . It was a matter beyond their control that did not in any way affect their oil but was reasonable in a business sense for other party. That it was the shorter report that created the major shock and that was amplified every bit of news unreasonably. . They would argue variations of this re wood contract.

Our lawyers would argue that the Nestle contract had underscored their profile in marketing material and information in financials, that the potential growth and the high profile nature of partnership was one of the material matters used by customers when choosing a share price. That the same applied to wood contract . That if known the share price would have been valued less by us in that period.

Any claim by either party would have a whole range of arguments . The question of intent comes up. The lawyers would need to feel fairly confident. You do not want to end up paying lawyers at any stage.

Qin's response will also help the lawyers sharpen their claim so they can better get the funding required. We longs are all hoping it will fight back with detail and introduce some credibility and solid good news. It could affect things a lot or be a fizzle.

The two large class action firms may not take on the matter if there is not enough money in it or is not strong enough .
Anyway we can evaluate legal offers from anyone better after response.

I know many like me do not even want to hear the word lawyer when there is so much to lose right now. Just writing this for clarity to my earlier response.

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Too much grey area to pursue, should focus on damage control, ie update our future sales and caution of too rapid expansion, (new grower lots.)

QIN Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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