Perhaps the class action is the way to go but how do you...

Perhaps the class action is the way to go but how do you organize one without publicly disclosing your info on the web to get people to support it. Does the chosen law firm go through the share registry and contact holders? Even contacting the shareholders with an exploratory letter would be expensive. There are few vocal people on the forum (lately they have been quiet - I guess they are over it), but they are a tiny few and I doubt you would garner enough interest to be able to pursue as a class action of any merit/ weight.

With the fact there is no assets and no cash in the business. I doubt you would get much out of them even if you went after the directors (who I assume have a limited liability). Perhaps a forced sale to that Group that Valentia tried to gazump, but that deal wasn't in the interests of shareholders (Roger Davey being the majority holder) so who know what we'd get.

At this time ASIC complaint is probably the best avenue but if their response is anything like the response from the ASX then it's a waste of time. Wait till end of quarter to see if something happens, if nothing (highly likely) then maybe it's worth asking the question formally on here about whether it better to proceed with ASIC or a class action claim.

Do I feel duped - yes
Could I legal prove that in court - possibly
Is it worth it - I doubt it

Do I hope they can make a deal and I can extract my buy in - yes.
Do I think they will - I doubt it
Do I think I've lost my cash - yes.