I think you may of misread the discusion. People know they can only participate in one class action, the question is which firm to choose.
The chairman of this company needs to be held accountable in my opinion. The CEO has run for the hills and the CFO demoted. The chairman was well aware of the brewing storm a long time ago. Evidenced by him selling half his holdings at $14.6 for $6.6m back in August.
He is a chairman of an ASX200 company. He has been dishonest with shareholders and the entire investment community. He needs to be held to account.
I doubt the regulators will do anything and he will probably continue on his merry way, will blame the CEO&CFO and get off scot-free.
If a class action makes him sweat for a few years I am more than happy to join.
Sweat may be the only way he discovers the virtue of honesty.
BAL Price at posting:
$4.01 Sentiment: None Disclosure: Not Held
