Yes the company is a legal entity on its own however, we don't need to launch a costly class action to recover loss.
Hamish (unfortunately) represents the shareholders interests as owners of the company. A legal dispute between gmc and Pak represents our interest in gmc and any determination will ultimately be reflected in the sp to our gain or detriment. In simple terms, our company has been reduced from a mc of 50mill to one of.... well let's see. Therein lies the loss and the recoverable amount, however I would expect it to be limited to USD10mill and a very big gamble on our part.
GMC Price at posting:
4.2¢ Sentiment: None Disclosure: Held