I am not averse to the idea of initiating a class-action of sorts. The situation may very well warrant it. We don't know... and that's the problem.
I believe that a class-action will be in order depending on what the future response is from the company. Surely, the company see the necessity to communicate with its shareholders in detail about the past and its resultant failed trial, and what their plans are for the company.
It is premature (at this stage) to jump on board a class-action without solid information and knowledge of what is going on. We have a glimpse of past issues, etc and that's all. Definitely, there looks to be enough to consider a class-action, but I don't think we have the full picture yet. Then again, management are not likely to announce they stuffed up with open admission. We might get some clues though from future announcements.
I will be on board if our suspicions are substantiated by the information in the future announcements.
FTT Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held