Does anyone else think that Siskinds isn't making a big enough claim ?
Thank about it, Allen-Vanguard writes down approximately 500 million worth of shareholder's assets, and doesn't publish the value of the order book, which we forecast in excess of 100 million dollars. Siskinds is suing for 80 million.
It makes it look cheap for Allen-Vanguard to pull off what they have done.
Why not sue for at least the order book of 100 million ?
Siskinds suing for 80 million, we shareholders wouldn't get half - of what they will settle for - maybe .10 a share - but it could take years.
Let's not forget we are at a loss due to other parties with an interest in this deal. We wouldn't be here if it were not other signiatories to the "deal" - their duty to act with ethics definitely has the appearance of impropriety.
This is serious money - not something to be "lowballing" like Siskinds has done. IMHO the claim should be 5 times higher !!!
There are other law firms in Canada VERY capable of taking on: Allen-Vanguard and its 12 subsidiary companies, David Luxton, Peter Allen, the Board of Directors, Versa Capital, EDC, RBC, et al.
This case will get a lot of media attention, and has the potential of setting a precedence in Canadian law.
Here is a brief list that I suggest we all contact, because maybe Siskind's hasn't properly evaluated our claim:
Class Action Law Firm Contact method
Ches Crosbie ccb@chescrosbie.nf.net
Scarfone Hawkins cyates@shlaw.ca
Lerners lmunro@lerners.ca
Poyner Baxter info@poynerbaxter.com
Stikeman Elliott smccormack@stikeman.com
Borden Ladner Gervais tbuckley@blgcanada.com
Farris, Vaughan, Wills & Murphy info@farris.com
Rochon Genova www.rochongenova.com
McPhadden Samac Tuovi zsamac@msmt.ca
Branch MacMaster wbranch@branmac.com |
