GREY:ARGEF - Post by User
Comment by
grandpa67on Jul 08, 2019 12:41am
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Post# 29894243
RE:RE:RE:RE:Make Argex Bankrupt
RE:RE:RE:RE:Make Argex Bankrupt
Yes Nap, exactly right on all counts. I have put in a complaint to both the AMF and the OSB exactly what you are stating. More shareholders need to voice their concerns, It is of my opinion that Mr.Alnaimi and certain directors breached their fiduciary duties amongst other things. Securities Fraud - also known as stock fraud and investment fraud - is a deceptive practice in the stock commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in loses, in violation of securities laws. Did Mr.Alnaimi publish News Releases that were purposely being vague to negligently mislead and misrepresent ? He has a fiduciary duty to the contrary. When a statement in a nationally published press release is materially misleading, all investors may be exposed to it and may make investment decisions relying on it. Such a situation can involve thousands of investors and millions of dollars in damages. As a matter of equity, there can be little doubt that a corporation should bear the losses caused by its fraudulent or knowingly misleading public statements. It is of my opinion and the known facts that Mr.Alnaimi and co-conspiritors deliberately mislead shareholders for their own unjust enrichment. It also pains me to watch his blatant plan for such personal gain to be deemed alright in the eyes of the court. I do believe a class action lawsuit could aid us in a more suitable outcome than doing nothing. The more shareholders that band together, the lower the cost and the more the impact. respectfully,grandpa