PRX 33.3% 0.2¢ prodigy gold nl

What chance is there for civil redress, page-2

  1. 829 Posts.
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    In the annual report l noticed that ABM pay about $62000 to insure the Directors against the sort of litigation you are proposing. They have been inept and sneaky and l think the insurance would cover them.

    You would have to prove wilful misconduct and neglect which would be hard to prove.

    Any legal action would cost money and for me it would not be worth the effort and just be throwing more good money after bad.

    I still have some hope that this will turnaround and can recoup some of my losses. I would of put my house on this never getting this low so am grateful l didn't.

    The day l see the directors put some decent money in this company is the day l will consider buying again.
 
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