Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, Hilarious.
It's perfectly reasonable to expect a return, from a company, which as a shareholder you partially own, if a director of that company is paying himself, an absolutely vast sum of money, and has offered no value in return.
A barrister in corporate matters can be paid in any number of way. In stages. With a cap.
I fail to see your point?
Like many others on here, It does make you wonder what the motive was for driving certain prolific posters, to write thousands upon thousands of posts, all with the same message of unerring support, in the face of such obvious and utter failure or deceit or incompetence or misfeasance or misleading statements, given to the shareholders. It seems so non-sensical it does make you question whether there is scope for a criminal investigation.
I wish I were able to view certain prolific posters correspondence with certain directors.
"...perhaps jp et al should be prosecuted, but it will not happen. and even if it did no one would get any money back...."
Im guessing that you are making a specific point about shareholders suing a Company Director?
Even if some shareholders of SOU embarked upon on suing a company director, and were successful, the monies retrieved from that company director would go back to the company obviously. Yep.
But I am not a lawyer specialising in this field. Unless one of you identifies yourself as such, Im gonna assume youre not either.
Does anyone have a history and a time line of events, quotes, which were untrue, misleading, and the various other deceiving comments made to investors?
It would only be sensible to get a reliable and well informed legal opinion.
I wonder what a lawyer would say about that? Do we have a longer list of the lies which were peddled?
And a list of quotes? What did Mr Parsons say to shareholders whom he met?
What were the worst of the promises which were made made by Sound Oil, and/or Mr Parsons?
Do you think that one thousand justifiably aggrieved private investors would be happy to each pay a small amount into a pot, in order hire a very sharp toothed hard-as-nails barrister? Or do you think you are going to walk away into the sunset with your, [our] seven figure salary?
If a company director of a limited liability company is found guilty of misfeasance, or other similiar offences, how many years would it take for a group of one thousand aggrieved private investors, to take him to court, until the judge declared that he was personally responsible, and therefore personally liable to pay large sums in damages?
I meant to post this comment on top of McRonins comment on the 'Nothing To Left' thread.
I am a long term shareholder from the Orbell days, bought in at two or three pence in old money I'll have to check when I bought my first tranche on iii, but its probably ten years ago now.
Theres nothing wrong with having the conversation about the merits of an EGM.
What are the obvious ones?
If an EGM was called what would the goal be?
The suggestion of PI's taking the initiative, in the form of calling an EGM, and/or setting up a shareholders group, pooling our resources is an excellent idea, and long overdue IMO. It's one of the first positive posts I've seen on here for some time.
The BOD do not represent the best interests of the Private Investor and are failing us in their fiduciary responsibilities.
Hi. Im in. Where do we regroup? A website? A shareholders group?
I'll give control of my shares toward an EGM. Dependent on what our demands are.
Be very interested in anything else this newly forming group suggests.