Flatlander schreef op 17 oktober 2023 00:32:
I did receive an email from Laurent Arnauts. Based on the translation of the email (and it was rough) it appears that they are seeking to assemble a collective of shareholders willing to pay for their services. Part of their services would include calling for a general meeting since they feel that the dissolution cannot be legally completed without it being brought to a vote. This would provide opportunity to pose questions to management. Depending on the response, they would also request that FSMA conduct an urgent judicial review and initiate proceedings for interim measures. It appears that Laurent Arnauts is seeking members of the collective action to agree to fund some portion of the legal action, rather than payment for legal representation being based solely on a contingency determined based on whatever future damages may be awarded. To me this payment method may indicate two things: 1) limited potential for collecting damages from BCART and 2) intent of the legal firm to cover costs while proceeding. I imagine that most shareholders will decline to join the class action since it will likely be seen as throwing good money after bad. I'm unfamiliar with such legal action in the EU. In the US this type of a class action case would likely proceed with the law firm working on a contingency where they might keep a percentage (say 30 to 50%) of any award after covering their costs.
In any case, I don't hold out a lot of hope for this avenue of action.
FL