hi there, i think congratulations may be in order for you OIP s/h. You guys picked up that the IE report was flawed at a basic level. then it seems that OXX picked up on that also.
FOr the IE to change its recommendation is unbelievable. Imagine the loss of credibility. Imagine the ramifications !?
I can only imagine that the IE will say that they have reached their decision to change their recommendation, after they have been provided with new information. I would think the issue will be the values ascribed to the assets of the two coys, (rather than a technical point).
If the above occurs, where does that leave the various directors, in terms of liability??????
WHat if the directors have failed to provide the IE with material info? There are bound to be investors who made a decision to buy/sell GGX or OIP based on the info in the IE report.
So if they have suffered a loss because of that failure by directors to provide such info, who is liable?
what a s&$# fight eh?
If there was any other reason for all the directors to resign, this is it.
good luck
OIP Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held