You reckon that would work? Not so sure but a few here will know more how to go about it nec. However, who said they actually WILL delist? It's only a possibility and could it actually be stopped? I wouldn't think so but not being in the legal side of anything (Illegal maybe!), I really don't know.
....won't work. A non-starter. The only winners in trying to take legal action against this company would be the Lawyers themselves. The risks of trading on the AIM are well known and whatever happens (unless it's blatantly illegal) is either good luck or jolly bad luck. How a company pans out and what happens during it's listed time is usually the consequences of fate. Bad management is what it is and one cannot take legal action against luck itself howsoever created, or the management whether good, bad or engineered within the realms of being legal. Pointless in throwing money into a case that could also become an expensive farce with inadmisible evidence as to why a company has performed badly for whatever legal reason. If they have followed protocol, even if we don't agree that it was done 'by the book', legal action isn't going to work. No case to answer otherwise it would be happening across most of the AIM! Best forget that idea unless someone has held a massive dated log which could sum up foul play, then perhaps......but I doubt it would go far and the end result would probably be greater financial losses for all concerned. A good Lawyer would see this as an opportunity as protracated way of earning money unless of course he/she is honest and warn you away from it.
So what was the reason for the suspension then in Dec, it now makes no sense given that the Core deal has fallen through.... they have no money to pay Lind , so what is the expectation ? that they walk away from the Court Case debt free and Judge says Lind has no case... why didn't they just let Lind keep selling shares ?
Doing something will be better than doing nothing irrespective of outcome...I really don't know what is your strategy..you seem to ever optimistic & satisfied whatever is the news / situation / management (Landau/Rory/DC)...I am sure RIG can play useful part in this sorry story as they seem to have some honest, dedicated & learned people and most importantly full support of its membership...but then personally I don't know if few of vital cogs in RIG committee are still invested, and willing to sacrifice their most valuable thing i.e. leisure/family time for such purposes...Based on my experience the easiest & most sensible thing in stock market is to write down failed investment and move to next adventure...this philosophy has kept me a float otherwise I was literally robbed of my entire savings by few crooks.
Bounty Stakeholder is just a generic term for anyone who has an interest in Range including shareholders. As one who does not believe that delisting is the name of the game here I will continue to trust in the BOD and hope that I am right. Anyway will have to leave you to the debate as I have a gig to play this evening.
I have noticed that Range's management have moved on from shareholders to stakeholders in recent RNSs "Range is in advanced discussions with a number of other parties and is evaluating various financing options to achieve the best solution for all stakeholders and to ensure that the Company has access to adequate funding to achieve its growth ambitions in Trinidad and to repay the outstanding debt facility with Lind Asset Management, LLC (Lind)". In my last two experiences (Afren/POG) when such change happens that means shareholders are screwed and that BOD is working for other parties but ordinary shareholders.
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