Australia's largest stock trading and investment forum Australia's #1 stock forum

VMC

Click for more information

0.00%

6.7¢ venus metals corporation limited

you don’t name and shame unless you are confident in the facts...

First 2 Last

Share
Profile

Follow
Snaptk

142 Posts.

11

17/10/19

23:56

Post #: 40942401
Share

Originally posted by Ladytradr: ↑

Can any experienced legal eagle please help shed a little light on what the financial risk/downside to Venus may be if SPX involvement in this court case was to be thrown out by a registrar and/or they failed to directly implicate SPX in any wrong-doing in a Supreme Court action?
On top of likely high legal costs, could Venus be required to pay for SPX’s lawyers and any other damages as well?
Would Venus directors be exposed to SPX shareholders launching a class action for the $50 million drop in capitalisation since disclosure of the writ?
Would a standard directors and officers insurance policy indemnify directors personal liabilities if they were to be judged as having launched a (legally) frivolous court action?

Last question, If everything were to go pear shaped, and if Venus couldn’t afford to pay any damages awarded, would SPX (or any class action people) then become the senior creditors and get first bite at the carcass?

It should be clear to us all that the only people not financially exposed over the coning months in this dispute are those lawyers

Expand

you don’t name and shame unless you are confident in the facts at hand. I don’t think VMC would be doing 5his on a whim seriously tho sis not judge Judy stuff mate

VMC Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 3 more messages in this thread...

First 2 Last

Add VMC (ASX) to my watchlist

(20min delay)
Last 6.7¢		Change 0.000(0.00%)		Mkt cap ! $13.14M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	16420	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	125000	1

View Market Depth

No.	Vol.	Price($)
1	16420	0.060
1	17874	0.056
2	115000	0.055
1	18886	0.053
1	200000	0.040

Price($)	Vol.	No.
0.065	125000	1
0.068	6311	1
0.075	35715	1
0.080	19802	1
0.095	23156	1

Last trade - 16.12pm 07/10/2024 (20 minute delay)

VMC (ASX) Chart

Day chart unavailable