Small Claims CourtWe seem to be running out of options. I am not saying that something couldn't still happen to fix this mess: a revised offer from Zhoajin, a new hostile takeover offer from a real company, a white knight etc. But with the BOD4 firmly behind the Titan offer, and possibly 50% of voting shares backing Titan ... Also it is possible that the various regulators, in Canada, (the Aussies have tipped their hat in favour of Titan style behaviour) might take some sort of action to protect minority shareholder rights.
But I just had this thought as a last resort thing. At various times people have talked about 'suing the bxstards'. And I think a class action , or a joint action was contemplated. But it is not at all guaranteed that a lawyer would take this as a class action, because of how extremely messy it is with a win not certain.
And funding a court action at the BC Supreme Court would be very expensive, slow, and not guaranteed to win.
So why not small claims court. In my buisiness career in B.C. I went to small claims a number of times, mostly suing for payment. It is not hard, and not expensive. The last time I did it it took one year to complete. In that case, and this is a while ago, the person I sued just ignored it, and I just went through all the steps, and the final step, I don't remember exactly what it was, but if the person ignored that then I could request the court issue an order for his arrest ,which I did. I got my money within 6 hours! So at that time anyway it couldn't just be ignored.
I just now did a quick look at BC small claims and the max now is $35,000. In my day it was $10,000. So here's what to do. A case needs to be made that the actions of: Sedun, Clough, Bailey, Reyes, Sam, have caused you to lose money. This could be the same case for everyone, and could be a joint effort with some competent legal help. And then everyone who wants to sues each of those 5, and perhaps Core as well, for $35,000, or what your losses are. So this would need to wait until this is resolved, and it is resolved in a way that damages us shareholders. I have no idea if the damage case could be made. The judgement made earlier to reject the merger suggests that it could. I am throwing it out now becasue it is always good to be prepared for everything.
And when I did small claims stuff, you didn't need to show that it was court worthy, as you would for a Supreme Court action. You could just sue anybody for anything. And I never used a lawyer at any stage. But did sue a lawyer once! Actually lost that one, which I figured I would, and mostly did it becasue I was seriously pissed off. There is a chance they could counter sue you, not sure for what exactly, so you would want to have more than a nuisance suite.
And I don't know if you could only sue in B.C. because Core is registered there, or if you could also sue in Ontario because it is TSXV. So there would be lots of questions to anwer, but someone familiar could do that very quickly.