AVZ Discussion 2022

[Chilla]

@Chilla has been very quiet of late. Didn’t he mention something like this?

Im still keeping an eye on things mate. I said my bit and a lot didnt agree with what i had to say, and ive had nothing more to add since.

It doesnt surprise me that this action has been commenced. Ive had no involvement in establishing it .... but the basis of the action seems in line with my issues surrounding poor Corporate Governance and non disclosure of material information.

The ETF Funds and Index Funds who have also been locked in this situation with the rest of us could be the ones behind it...but thats just a guess.

Hopefully it spurs the company into action and gets us trading again.

Last weeks announcement in response to AFR article could also have been in expectation of this action looming?

If a court finds AVZ in breach of ASX and ASIC disclosure and misleading conduct laws, then that has further implications for Directors and Company Secretary who traded shares during that period whilst in possession of information not released to the market.

Also, has implications for the Resolutions at the 2021 AGM to grant generous benefits for remuneration, termination benefits and performance rights, as if its found they were voted on whilst a court finds shareholders were misled and not fully informed in accordance with the law then i think those resolutions would have to be annulled??

 

[Winenut]

https://omnibridgeway.com/

 

[Winenut]

Class action, class action......Read all about it.....

Farken..

https://portal.omnibridgeway.com/cases/register/avz-minerals-shareholder-class-action-overview

 

[Misfits]

Im still keeping an eye on things mate. I said my bit and a lot didnt agree with what i had to say, and ive had nothing more to add since.

It doesnt surprise me that this action has been commenced. Ive had no involvement in establishing it .... but the basis of the action seems in line with my issues surrounding poor Corporate Governance and non disclosure of material information.

The ETF Funds and Index Funds who have also been locked in this situation with the rest of us could be the ones behind it...but thats just a guess.

Hopefully it spurs the company into action and gets us trading again.

Last weeks announcement in response to AFR article could also have been in expectation of this action looming?

If a court finds AVZ in breach of ASX and ASIC disclosure and misleading conduct laws, then that has further implications for Directors and Company Secretary who traded shares during that period whilst in possession of information not released to the market.

Also, has implications for the Resolutions at the 2021 AGM to grant generous benefits for remuneration, termination benefits and performance rights, as if its found they were voted on whilst a court finds shareholders were misled and not fully informed in accordance with the law then i think those resolutions would have to be annulled??

Thanks for the reply and makes sense

 

[cruiser51]

Well we need that like a hole in the head....

AVZ Minerals Shareholder Class Action - Omni Bridgeway

Omni Bridgeway is funding or will fund potential claims by shareholders of AVZ Minerals Limited (ASX:AVZ) (AVZ) against AVZ.

portal.omnibridgeway.com

Are the fucken idiots who are pushing for this court case, Boatman/Tommy/Klaus, or idiots who lost the plot completely by smoking brain destroying mushrooms, because its getting too hot for them in the kitchen!! Ffs!!

Anyone even whispering he wants class action should become newspaper boy with Tommy, but please stay the fuck away from here, fuckin Morons!

The One man show yesterday on the crapper highly likely has something to do with this.
Fucken brainless fools, this is one way to lose the lot!

 

[cruiser51]

Class action, class action......Read all about it.....

Farken..

https://portal.omnibridgeway.com/cases/register/avz-minerals-shareholder-class-action-overview

This is your opportunity for joining in Wino, you spent yesterday the entire day advocating for a class action, here you got one.
Don't tell us here somebody hacked your account buddy.

 

[Winenut]

This is your opportunity for joining in Wino, you spent yesterday the entire day advocating for a class action, here you got one.
Don't tell us here somebody hacked your account buddy.

I'm not happy about it at all

But I did see that it was absolutely a looming possibility.....you only had to piece together all the shit we've uncovered and the timeframes to realise there was potentially material information withheld from the market

I'm not in control of it and it fucking kills me if it's the case

The fact I posted some questions and had a discussion about it on the Crapper means fucking nothing

Omnibridge didn't magically read a random dick called Winenut yesterday on the Crapper and suddenly decide to launch a fucking class action

The chance of me recouping my losses through a class action is just about NIL and getting anything out of it to be honest would make me feel about as happy as receiving thirty pieces of fucking silver

 

[Bray]

Wtf happens here… do you have to be a part of it, do they need x amount of shareholders to agree for it to take place.. does AVZ now have to make an official statement about this

 

[obe wan]

I'm not happy about it at all

But I did see that it was absolutely a looming possibility.....you only had to piece together all the shit we've uncovered and the timeframes to realise there was potentially material information withheld from the market

I'm not in control of it and it fucking kills me if it's the case

The fact I posted some questions and had a discussion about it on the Crapper means fucking nothing

Omnibridge didn't magically read a random dick called Winenut yesterday on the Crapper and suddenly decide to launch a fucking class action

The chance of me recouping my losses through a class action is just about NIL and getting anything out of it to be honest would make me feel about as happy as receiving thirty pieces of fucking silver

Winenut you've been banging on about class action the last week or more ; not sure what gets into holder heads, but if you want a chance to keep their investment, why on earth would holders start to heckle for class action on these sites. I've no doubt that this has been generated by a number of trolls acting on behalf of some entity ; give these guys a whiff and they'll be up it like a rat up a drainpipe.

Shareholders will get nothing out of class action ; shareholders just risk their existing capital with this rubbish

 

[cruiser51]

I'm not happy about it at all

But I did see that it was absolutely a looming possibility.....you only had to piece together all the shit we've uncovered and the timeframes to realise there was potentially material information withheld from the market

I'm not in control of it and it fucking kills me if it's the case

The fact I posted some questions and had a discussion about it on the Crapper means fucking nothing

Omnibridge didn't magically read a random dick called Winenut yesterday on the Crapper and suddenly decide to launch a fucking class action

The chance of me recouping my losses through a class action is just about NIL and getting anything out of it to be honest would make me feel about as happy as receiving thirty pieces of fucking silver

I saw your activity yesterday on the crapper and got the impression that you are an absolute fool, completely fucked in your head, the way you were promoting a class action.

You are now trying to walk away from your posts, which were probably written while pissed, but as you know that take the natural inhibitions away from a person and shows the real person.

You might as well fuck off now and have coffee with Tommy and Klaus. What did they pay you for this? 5 cents?

I strongly advise people from the TSE to follow your crap on the crapper yesterday and make up their own opinion of your activity.

 

[Winenut]

Wtf happens here… do you have to be a part of it, do they need x amount of shareholders to agree for it to take place.. does AVZ now have to make an official statement about this

You have to opt out if you don't want to be involved

The specific shareholders affected (it's not every shareholder) are captured within the defined constraints detailed in the Omnibridge notice

I've been in this position before with CBA and opted "out" of the action

If you're affected and you stay "in" there will be a number of conditions that you will be agreeing to

These conditions will also be listed in the Omnibridge notice

It's a shit pile wrapped up in a clusterfuck that you will have to navigate if affected

 

[Samus]

Winenut you've been banging on about class action the last week or more ; not sure what gets into holder heads, but if you want a chance to keep their investment, why on earth would holders start to heckle for class action on these sites. I've no doubt that this has been generated by a number of trolls acting on behalf of some entity ; give these guys a whiff and they'll be up it like a rat up a drainpipe.

Shareholders will get nothing out of class action ; shareholders just risk their existing capital with this rubbish

Not wino's fault, this was bound to happen. Anyone who couldn't see disclosure was a potential issue has rocks in their farken head!
Chinese own a fair percentage of this company and anyone who bought volume during the stated period is likely to be pissed with this situation.
It's a massive fuck up by management who denied the reality of what was going on for many months. Corrupt Kangaroo court or not.

 

[Chilla]

Everyone should note that a Class Action has not been filed as yet.

It is merely an Investigation by OB and JWS to determine if a Class Action would have any chance of success and how much OB and JWS could make in fees from running a case.

They will only file an action if they see the case being solid and the damages and fees being high....as they are taking the financial risk on running it.

Could be a warning shot from the big funds to AVZ to get things sorted and quick??

 

[9cardomaha]

Ugh, yesterday i was actually doing alright. Lots of pieces coming together, just playing the waiting game.

 

[Chilla]

You have to opt out if you don't want to be involved

The specific shareholders affected (it's not every shareholder) are captured within the defined constraints detailed in the Omnibridge notice

I've been in this position before with CBA and opted "out" of the action

If you're affected and you stay "in" there will be a number of conditions that you will be agreeing to

These conditions will also be listed in the Omnibridge notice

It's a shit pile wrapped up in a clusterfuck that you will have to navigate if affected

I think you have to Opt In by signing up if you want to take part. And again its only an Investigation by them at this stage to determine if a Class Action will make them money.

 

[Charbella]

Everyone should note that a Class Action has not been filed as yet.

It is merely an Investigation by OB and JWS to determine if a Class Action would have any chance of success and how much OB and JWS could make in fees from running a case.

They will only file an action if they see the case being solid and the damages and fees being high....as they are taking the financial risk on running it.

Could be a warning shot from the big funds to AVZ to get things sorted and quick??

Agreed！AVZ needs to have it sorted before end of March, to be honest they probably do need a kick.

 

[cruiser51]

You have to opt out if you don't want to be involved

The specific shareholders affected (it's not every shareholder) are captured within the defined constraints detailed in the Omnibridge notice

I've been in this position before with CBA and opted "out" of the action

If you're affected and you stay "in" there will be a number of conditions that you will be agreeing to

These conditions will also be listed in the Omnibridge notice

It's a shit pile wrapped up in a clusterfuck that you will have to navigate if affected

I don't have to opt anything, you fool.

I didn't ask for their class action.

 

[Charbella]

All the trolls crying for class action can't participate because they have no shares.
Too bad and too sad.

 

[TheCount]

https://omnibridgeway.com/

View attachment 24900

Ambulance chasers.. Probably mates of Pineapple Tommy... He has "no other play" and has to keep pressing - his life depends on it now.

As for an opinion? Meh, nothing to see and yet another snippet of negativity sending the bourse into a tailspin..

TC.

 

[Carlos Danger]

Wtf happens here… do you have to be a part of it, do they need x amount of shareholders to agree for it to take place.. does AVZ now have to make an official statement about this

You have to opt out if you don't want to be involved

The specific shareholders affected (it's not every shareholder) are captured within the defined constraints detailed in the Omnibridge notice

I've been in this position before with CBA and opted "out" of the action

If you're affected and you stay "in" there will be a number of conditions that you will be agreeing to

These conditions will also be listed in the Omnibridge notice

It's a shit pile wrapped up in a clusterfuck that you will have to navigate if affected

I think you have to Opt In by signing up if you want to take part. And again its only an Investigation by them at this stage to determine if a Class Action will make them money.

Opt in is for the current investigation stage. If it proceeds to court it will be opt out for all shareholders covered by the dates provided whether they signed up for the investigation or not. No chance of the case succeeding unless the ownership claims against the company are proven true imo