I think the best question to ask is, were you mislead?
i.e. did the directors mislead you into making an investment and did you make a loss as a result.
Personally, this was a business I wanted to start myself, so you can imagine my enthusiasm when it was listed as a startup. I read the prospectus twice and I was aware of the revenue model, i.e. deliveries not guaranteed.
Further, we are still waiting on the implementation of enterprise clients, and the reporting of the AFR and Squire Pattons was unfair in pegging the size of the class action at $300m.
Finally, I am happy with the progress of the company, improving the board, hiring key staff and I wonder what would be without the distraction to management.
The Amazon MSA and raising capital at $4 per share was an absolute masterstroke and unheard of for a startup. A real gift for retail holders.
There is a long way to go, but I am not going to join the class action.
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