About commencing an action pursuant to the "Oppression of Minority shareholders" sections of the Business Corporations Act . Are majority shareholders & other insiders in Hathor trying to systematically and unfairly dilute existing minority shareholers out of their rightful gains, by a combination of "strategic" issues of new cheap (unnecessary) shares and warrants - paper - and collusive front-running trading practises?
And -
Why did not Max Minerals' managemnent - I think they are the same people and names as Hathor's management - offer existing sharehiolders the chance to partcipate in their recent issue of 20 million new shares ( there had only been appox 8 million shares total, prior to that issue)?
What's that latter operation say about Managements caring -or otherwise - for their minority shareholders' interests?
Once a Court finds that there has in fact been actionable oppression of minority shareholders, they can do almost anything to set it right, IIRC.
Loading...
Loading...