Where will it end?
Seems like the queue of law firms lining up to get customers to file class action against chc is growing by the day. Follow on yahoo finance shows new firms hopping on the bandwagon like vultures circling a dying animal. I am no legal expert but it must seem fairly unlikely that chc have any viable claim here. Now that the responsible CFO has gone, will she be held legally responsible in any way? July 17 seems to be kick off for action so I would imagine the share price will fall further, although it is rapidly approaching zero. What happens now if they are declared insolvent in the mean time? July looks like it will be a fight for survival for chc. Do they have any way to fight this off and survive? The odds really don't look good right now.