Panamabob22 Jan 2024 13:13
I am not connected to anyone and resent the fact that this is being stated. I simply saw the sp at a low, noted some of the ensuing difficulties at the present time, and decided to take a risk, but a small one, I'm not putting any more in than the 10k which has bought me 10 mill shares, and I know the risks, so if I lose it, I won't be happy either, but I'm accepting it's high risk. What the SHG do is of no concern to me, I'm just trying to sound out the pitfalls of litigation and how difficult it will be without any hard evidence, and in the meantime, you might be on to a hiding to nothing anyway. You need CONCRETE EVIDENCE of any form of misdemeanours, without that, no court will entertain you. You also need to be very very careful with how you try and obtain the same. If it backfires, there could be huge costs to pay to the company, so any litigation is risky in itself. For myself, I'm not convinced at all that that is the way to go. Time is of the essence here, and unless the sp starts to rise so that the market cap rises, and the company can perhaps look at alternative methods of finance, or they find a JV partner asap, then what other options are there? they could get a hostile takeover, even the JV partner as was might consider it, who knows?! But I wouldn't be knocking new investors right now if they are prepared to take the risk, but these are just my views.