Of course shareholders should be party ti a class action. The...

Of course shareholders should be party ti a class action. The company had admitted it breached continuos disclosure obligations and actually briefed selected groups about what was coming before they announced it. Those who were not briefed (the mug retail punters) were severely disadvantaged as those 'in the know' sold down prior to the announcement.

A simple review of trading patterns shows what happened. The shareholders who held before the announcement (not me) where disadvantaged by the +15% fall in the days before the announcement.

A class action warrented if ever there was. Hopefully, further investigation might reveal that directors and management were among the sellers in the days before the announcement. If so, a jail term should await, however unlikely this is in Australia!