writ against brett matich companies

Why is the shareholders of Rand supporting MATICH controlled companies ie: BLZ options and share palcements??

MATICH’s namely Paul and Brett, they have been useless since joining the mining industry and should go back to their boating business in Fremantle.

They have their mitts on PWW and PIM as well, quite scary really that they are on these ASX companies as well with common share holdings.

Read below press from PIM ASX release:

PRIME ISSUES WRIT AGAINST BRETT MATICH AND RELATED COMPANIES
On 6 August 2009, Prime Minerals Limited (“Prime”) issued a Writ for damages in the Supreme
Court of Western Australia for Equitable Compensation for breach of fiduciary obligations,
account of profits or such other or further relief that the court considers fit, against Landlife
Corporation Pty Ltd, Brett Robert Matich and Colbern Nominees Pty Ltd pursuant to a Corporate
Advisory Proposal between Prime and Landlife Corporation Pty Ltd entered into in January 2007.
The writ arises out of an alleged breach by the Defendants of their obligations to Prime pursuant
to an agreement to provide Prime on an exclusive basis with services in relation to the
identification of potential acquisitions or other corporate transactions for Prime, pursuant to which
Landlife Corporation Pty Ltd was paid a retainer of $15,000 per month by Prime. In February
2007 the Defendants facilitated the sale of the Peary Land project in Northern Greenland to
Ironbark Gold Ltd for a payment of $6,000,000 and the issue of 3,000,000 shares and 6,000,000
options in Ironbark Gold Ltd. Prime alleges that the opportunity to acquire the project should
have been disclosed to, and offered to, Prime.