Argex Titanium Inc. ARGEF

Class action suit

[turr]

Remember, the more people and shares for that class action suit the cheaper and more feasible it will become. Nothing is decided yet but it doesn't cost anything to tell them the number of shares you have and find out what's going on. Some unusual things happened here in this investment and we are owed an explanation. They are our board of directors and should be looking after us, not themselves or anyone else. For a start, not holding the annual meeting certainly doesn't help, an quite the contrary tells us something else. Complain to whoever you can. Get on here and tell us your story. Those things happen far too frequently in this market. And we always pay the piper.

[Mininggeneral]

Turr, biggest issue is the lawyers or any other top notch bankruptcy law firm will not take this case on contingency, so having lots of shares will mean nothing. Just like Mazen probably will need to spend $100-250k if it goes to trial, our lawsuit will probably need to spend that too. The issue is if only a select few will spend and the rest won't, then how will that be fair. If there is a

[Moonlightsearch]

You can start the process for free by writing the CSE    https://www.thecse.com/en/about/contact and lodging your complaint about this company's behavior. It costs nothing and if enough people write they will start to pay attention. 

[Mininggeneral]

Moonlight, you got to be kidding me, do you think they will really care? How many companies go bankrupt every year and I don't hear anything done about the poor shareholders who have gotten burned.

[Moonlightsearch]

A legitimate bankrupt is one thing and stealing a company from under the shareholder's noses it another. I believe it's worth the effort and if you don't want to write then don't............

[grandpa67]

Could try the AMF ( Quebec Securities Commission) I put in a complaint a week ago. I too am also taking a big financial hit. It is also rumored that the Quebec government is ready to pony in $25mill towards the construction of the plant in Montreal. Also when they sign the Vietnam deal they will receive $2.5 million up front payment. After waiting 4 plus years we lose it all in a month. Bet you

[Joker14]

Who lives in Montreal area? We can start doing one meeting for real.

[grandpa67]

We need as many investors as possible, but even if only 40 or more, pledge a $1,000.00 each , that would cover the starting process of the law suit. I know no one wants to put more money in, but I would chuck in 1,000.00 to at least try. Without a lawyer this will just die and no amount of complaining or crying will help. We need someone like Luxor to come on board, that is if they are still

[Mininggeneral]

Grandpa, that's like throwing away the $1,000 away. You need to find out from DLP or lawyer of your choice to get full estimate how much the lawsuit will cost. You can just go there without a concrete plan to fight this.

[Menace46]

If we get 40 people on board I’m willing to pitch $1000 to get the ball rolling. 

[turr]

I think if you want to get as many people involved as possible you should set it up on a percentage basis of the number of your shares you want in the class action suit. This may sound stupid though, but people who have the most shares stand to gain the most, people who have the least shares stand to gain the least. People who don't have many shares may jump in if it cost little. ..Say we get

[turr]

I'm old and not too swift on many counts but I think we need a new board of directors, we need some help from government bodies like Quebec and that $25 mil for a new plant in Montreal or whatever we can get. But first, we need the class action suit and the investigation to find out what's going on here, and someone made to pay one way or the other if there were things done that weren'

[grandpa67]

You are exactly right Turr!! Perhaps some media coverage could be arranged to help locate more shareholders , the costs after 40 plus shareholders on board ............. really begins to look attractive and worth the effort. If you choose to do nothing or you wait to see if someone else will take care of things..... then you probably don't have that many shares or are okay with losing what you

[Mininggeneral]

Grandma, it seems your the spiritual leader to the Argex believers. The question, the lawyer on the call and I have always asked this question what fraud did Mazen do? The premise on the lawsuit is you have to find Mazen committed fraud or there is no case. All I heard is Mazen has raised money in the past, so he has to raise more, or questionable volume on trades. If you can't answer the

[Phroin]

The assumed fraud I had thought was that they had not acted in good faith in that they did not aggressively look for placements after the last news release. This would require an investigation though.

[Phroin]

To clarify - anthing that would be considered "acting in BAD faith" is equal to fraud legally speaking as far as I understood.

[grandpa67]

Yes Phroin, you are correct. Mr.Alnaimi and directors have gone beyond the definition of fraud in my opinion. They have accomplished to earn the title of grand theft larcenists from me. Shareholders you really need to voice your concerns to the AMF ,send your complaints to Mr.Richard Gelinas [e-mail] I spoke today with a very nice lady at the office of the superintendent of

[turr]

WOW, Grandpa, that was quicker than I posted it....you must have read my mind LOL

[Ontario1]

.....And don't forget, Flow through placement for drilling at Lac Brule is tax money! Where are the results??  

[TomKCam]

Hi grandpa67, It would help shareholders to understand what is going on if you would be more informative about that $25M Quebec govnt financing. A rumour? Who told you that? I mean what kind of person. Another anonymous shareholder? An insider at Quebec govnt? Thanks, Tom