- Joined
- 9 January 2009
- Posts
- 354
- Reactions
- 0
Hehehe....I like that "the Bishop & the alter boy." I am over SIP now....took an overall hit of .72 cents a share. Well, the pain lessens each day but I will live.
I am only watching SIP out of interest, given the length of time of the trading halt there must have been one hell of a sh*t fight between the Board and the Auditors.
Surely, when the Board of SIP buy something for hundreds of millions of dollars you would expect them to do due diligence very diligently. How can they be SO WRONG.
Further, they must have known when they did the latest capital raising yet no warning was given and I took up the rights issue in good faith.
I still haven't receive anything about a class action but if it cost me nothing or very little I will definately join in. Judging from what I read regarding Storm Financials, Opes Prime, ABC Learnings, Allco etc....I think it is every shareholders' duty to prosecute Directors & CEO if there is a decent case against them for breach of fudiciary duties, afterall, we the shareholders pay them millions and millions of dollars.
I am only watching SIP out of interest, given the length of time of the trading halt there must have been one hell of a sh*t fight between the Board and the Auditors.
Surely, when the Board of SIP buy something for hundreds of millions of dollars you would expect them to do due diligence very diligently. How can they be SO WRONG.
Further, they must have known when they did the latest capital raising yet no warning was given and I took up the rights issue in good faith.
I still haven't receive anything about a class action but if it cost me nothing or very little I will definately join in. Judging from what I read regarding Storm Financials, Opes Prime, ABC Learnings, Allco etc....I think it is every shareholders' duty to prosecute Directors & CEO if there is a decent case against them for breach of fudiciary duties, afterall, we the shareholders pay them millions and millions of dollars.