Post by
TomKCam on Jan 21, 2020 11:33am
Lawsuit
Going into a lawsuit, you need a strategy. A winning outcome. At this time, what it would be? Even if someone was capable of proving that the company did not act fairly, what would be the outcome for the shareholders? You want to fight the technology ownership over the debenture holders and the stalking horse bidder? And PWC trustee work under a Canadian law, approved by a judge multiple times. Now the directors discharged by the process. Good luck with that!
There is no winning case for the shareholders right now. A lawsuit would be a money pit. My guess is that the winners would be at this time, the lawyers. So be careful.
The only winning scenario I can think of, and it is probably stretched, is after a plant is built with the technology. The technology is sold at a high price or is providing revenue. The lawyers would accept to take a percentage of the possible money prize for the shareholders. And the technology commercialisation success would give enough indications that something was not handled rightfully by the board of directors.
I lost a lot of money in this investment. I took too much risk. With the informations that was provided by the company, I think it was an OK bet. But still, to much allocation in my portfolio to Argex. I will not put more money into this. I am a better investor now, by a very expensive lesson. I do not think it was necessary to learn it this way. But, I will try to use this for better gains elsewhere. I might not sound that much touched, but I am profoundly. I wish good luck to all.
I guess it will be my last post onto this board. Except maybe to follow up on this one.
Tom
Comment by
BlueChip9 on Jan 21, 2020 12:07pm
This post has been removed in accordance with Community Policy