Another shareholder Property Valuer Adelaide who requested anonymity estimates his investment had grown five-fold at its peak and is now at best back to the original value years ago.
- He faults the board for not taking more aggressive action to save.
- The bank in its old form by making a dramatic gesture such as each loaning the bank $500,000 to shore up its finances.
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“If they had all just bellied up and put up, say, $7.5 million, I think we would have weathered the storm.
- Even by now it would have been looking up. There would have been some profits, and in five years we would have whisked right past that,” he said.
- He said the loss cut his retirement savings by one-third. All the shareholders who qualify to be included in .
- the lawsuit can join in later. Dr. Lawrence Brennan strongly believes that the directors have been portrayed unfairly.
“I’ve been disturbed by the (attempted) class-action lawsuit. It is my perception that the bank was defrauded by a criminal, perhaps a series of criminals.
The board was defrauded, too. Their risk was greater and loss greater than any other shareholders. To say that’s the board of directors’ fault is specious.
I have no intention of joining that lawsuit, and anybody who does join it is just trying to recover their losses,” Brennan said. Property valuation structure is perseveringly withdrawing for everyone and to .
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“It’s been my perception that the board has been pilloried by everybody involved.” Not everyone was willing to grant the board slack. Shareholder Glenn Hardy, of Wilder, didn’t offer a definitive opinion on whether he would join the lawsuit but saw little use in doing so.
“I have no complaints for the board’s effort to date. I’ve never been approached (to join the lawsuit), but I don’t see any benefit to me or any of the shareholders involved.
By being involved in a lawsuit against the directors,” Hardy said. On the off chance that you have to know your home estimation you will can settle on key decision about .
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