RE: Could it be SA is frozen? Goldmember & Co,
You STATE "that is an omen".
How does S&P define "shareholders"? To the best of my knowledge the following is correct. We try to use the 10K, or in the case of Canadian companies, the audited financials filed on CEDAR. The 10K typically will indicate the number of stockholders of record; it sometimes also provides the number of beneficial holders. We will use the beneficial holders unless they are not given, in which case, we will use the number of record holders.
Goldmember & Co posting information that may or not be factual with the intend to influence investors or potential investors that as a result have negative outcomes for the investors presents an interesting legal situation. Say an investor sells today at 50 cents based on your posts and within two years the share price is at $5 because in fact the fundamental potential of the company had never changed.
This may trigger an "event".
The following is taken from the website Canadalegal.info
Although the event that may have led up to you seeking the help of a lawyer may have happened much earlier, and you may have been in contact with our office for a time period before this happens, the actual first step in the litigation itself is filing the Writ of Summons and Statement of Claim.
There are limitation periods for filing a Writ of Summons and Statement of Claim. Although there are exceptions to this, generally you must file the Writ of Summons and Statement of Claim with the Court within two years of the event happening. So, for example, if you had a car accident on April 30, 2001, you must file your Writ of Summons and Statement of Claim with the court by April 30, 2003.
After you file your Writ of Summons and Statement of Claim, you need to serve the Defendants to let them know that they are being sued. Once service is confirmed, litigation has officially begun. Once the Defendant is served, they have a specific number of days to acknowledge the lawsuit against them by filing an Appearance.
Once the Appearance has been filed, the fun begins!