I think a class action could be a good option. Assets have been squandered by the board without full approval/knowledge of the terms and conditions of the "loans". ASX/ASIC have been asleep at the wheel and taken control after the car has left the road for the cliff edge. Class action is potentially throwing good money after bad, but where blatant neglect of simple governance of a board of directors is concerned we must have a case. Undoubtably it is risky because even if found libel money may not be able to be obtained (blood from a stone); but surely this is worth testing some how???? Anyone's thoughts?
MED Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
