In the unlikely event the minimum 90% does not eventuate and the buyout does not proceed. Should the QF share price then fall any time for any reason during the next year or two Ian Woods and the pilots could find themselves defending a class action suit from other shareholders.
Yeah right! And if the ACCC or FIRB or Costello knock it on the head, will they see a class action?
How about QF management? Didn't see too many class actions when the shares languished around $3.00 following $5.00 highs.
I do agree though. This is a stupid idea from AIPA and yet another bullet hole in the foot!