Interesting talk from a Watchstone shareholder ;) According to...

Interesting talk from a Watchstone shareholder

According to this article it could take a little while to get your money out because of our lawsuit.

http://www.stockmarketwire.com/article/5574500/Watchstone-remains-on-track.html

Even though your management will try to maximise the payout to shareholders at the earliest opportunity.

But here is the thing. How do you think you will go in court?

Let's look at the wikipedia criteria for misrepresentation:

https://en.wikipedia.org/wiki/Misrepresentation
Misrepresentation is one of several vitiating factors that can affect the validity of a contract. A misrepresentation occurs when one party makes a false statement, inducing another party to contract. For an action to be successful, some criteria must be met in order to prove a misrepresentation. These include:

• A false statement of past or existing fact has been made,
• The statement was directed at the suing party and
• The statement had acted to induce the suing party to contract.

For me I could easily tick the above based on our application.

What do you think?

It does not matter whether we probably should not have signed that contract. What matter is the honesty of Watchstone to make us sign that contract.

Good luck to Watchstone.

Because you will need it