I wrote to Lachlan and got this reply. Apparently I do not qualify for the first claim which was for offences 2012-13 and may be considered for a second claim (if any) for 2015 bankruptcy since my losses where from 2014-15 period.....just wanted to hear all your thoughts.
Cheers
SS
We are currently focussing our investigations into conduct that occurred in late 2012/early 2013. You may not qualify to participate in this action however we are also investigating the possibility to bringing a second claim for shareholders who held DML shares in circumstances to you. Any action we would bring on behalf of shareholders would be funded by a litigation funder, so there would be no additional costs to the shareholders. Under this model, the funder takes on the obligation to pay all litigation fees in return for a percentage of the recovery made in the proceedings. While you may not qualify for the current claim being pursued I will note your details and contact you if we decide to proceed with a second claim that captures shareholders who purchased DML in and around 2015. Thank you for your time and please give me a call if you would like to discuss.
DML Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held