Sipiem Court Case €11 million17 Mar 2023 10:22
Sipiem Court Case €11 million
From the PRN news issued on Wednesday there was something that has not been fully understood on our Bulletin Board.
“The Appeal Court did, however, grant the remaining Sipiem defendants’ request to enjoin enforcement of the judgment against the members of the internal audit committee and the main defendant’s family members.”
After consulting my daughter who is a qualified solicitor (in Scotland) what this means is that there is an injunction now in place in favour of the remaining defendants and the main defendants family.
This is really the son of the bad guy, who is doing everything he can to retain his inheritance which is Ondaland, the Water Park.
But a little legal eagle has investigated this, and this “Injunction” was lifted yesterday.
For too long, there have been forces working against ordinary shareholders who have taken advantage of “Insider Information” I am saying today, we have won the €11 million (this includes my estimate of interest etc) and after my meeting earlier this year with FG, our BoD have a robust system in place to collect the full amount of the award.
RKB