XPD 0.00% 1.3¢ xpd soccer gear group limited

General Meeting, page-5

  1. 2,938 Posts.
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    Mejority is looking to claim shareholder oppression via the court.

    If successful, the australian court could potentially order the company to buy back shares from minority holders.
    Currently, cash at bank is around 12 cents per share. I would think that will be the price the court will order XPD to buy back the shares..

    Whether an australian court can request the chinese authority and police to enforce the order, is another matter. My guess is that the chinese government will cooperate and assist in this particular case, since this is a private company and not a state own enterprise.. the chinese government have nothing to loose...also chinese government is chasing and wanting to extradite corrupt chinese official currently hiding in Australia, if chinese police help australian police. The favor will be return.

    http://www.findlaw.com.au/articles/4614/shareholder-oppression-explained.aspx

    It will be a lomg road before we’ll see any money.. but a jump from 3.3 cents to a possible 12 cents, make the wait worthwhile.
 
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