RE: Philip Hyde and shareholders group17 Sep 2024 16:16
While shareholders have limited power during this process , they may have a point legally if they believe the process was not conducted properly. For example, shareholders can challenge the conduct of the liquidator or the Directors if there is evidence of misconduct, fraud, or breach of fiduciary duty. That's a very timely and costly exercise and may not deliver a favourable outcome for the SH.
Very low chance of the SH/JW collaboration massive getting anywhere with that, especially if lardy pants was the root cause of all this in the first place!
Last gasp, go for it if everyone's willing to gamble more cash as the odds aren't in the SH favour in this one. Time is one thing that the interim board have so..... it'll be a sell what they can.
They're not idiots, unlike the previous clowns.