I have recently received confirmation that I am to receive a nice cash payment resulting from class action by shareholders against a fund manager who's prospectus was not quite up to scratch. The shareholders claimed that thy suffered loss as a result of the actions of the board.
I discussed some of TAM board behavior with the man at Slater & Gordon who ran the successful class action which produced a $70 mil payout.
It would only take 50 small shareholders stumping up say $200 each to pay Slater & Gordon for investigating the TAM board's behavior and assessing whether their behavior was problematical and worth pursueing.
If a case is found to exist then a litigation funder might be found to carry the cost of litigation on the basis that if there's a win they get their money back plus a margin.
Anyone interested in keeping the b**** honest ??
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Mkt cap ! $37.60M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1052557 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 321404 | 0.040 |
2 | 202907 | 0.039 |
1 | 33000 | 0.036 |
1 | 50000 | 0.033 |
1 | 20000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 706406 | 1 |
0.044 | 23577 | 1 |
0.045 | 24750 | 1 |
0.046 | 215109 | 1 |
0.047 | 198000 | 3 |
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