As anyone heard of a p.l.c/ompany SCAM where the directors break the contractual terms and conditions?
- of the p.l.c by not informing investors of major structural and strategic changes to the company.
Surely an investor should not be treated like a mushroom that is kept in the dark and fed on bullshit until he/she is harvested.
Answers:
Has anyone said that you're question is being repeated !!
NO!! Also stop posting this question it is doing my head in.
The directors of a plc (Public Limited Company) have the responsibility to run a company and oversee its operations. They don't need to report such activities (and changes in activities) except through an annual report.
If the plc is a listed company then the stock exchange has additional reporting requirements. If these were not made then the company is probably in breach of its listing.
The directors need to report any changes regarding the capital structure of the company to its shareholders in accordance with its constitution.
Get a hold of the company constitution and corporations law to see if they fulfilled their duties.
You don't mention which country this company is located in. In Australia, you complain to ASIC:
http://www.asic.gov.au
In the US, you can complain to SEC:
http://www.sec.gov
In the UK, it's the FSA:
http://www.fsa.gov.uk
Hope that helps.
Cheers,
Richard.
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Surely an investor should not be treated like a mushroom that is kept in the dark and fed on bullshit until he/she is harvested.
Answers:
Has anyone said that you're question is being repeated !!
NO!! Also stop posting this question it is doing my head in.
The directors of a plc (Public Limited Company) have the responsibility to run a company and oversee its operations. They don't need to report such activities (and changes in activities) except through an annual report.
If the plc is a listed company then the stock exchange has additional reporting requirements. If these were not made then the company is probably in breach of its listing.
The directors need to report any changes regarding the capital structure of the company to its shareholders in accordance with its constitution.
Get a hold of the company constitution and corporations law to see if they fulfilled their duties.
You don't mention which country this company is located in. In Australia, you complain to ASIC:
http://www.asic.gov.au
In the US, you can complain to SEC:
http://www.sec.gov
In the UK, it's the FSA:
http://www.fsa.gov.uk
Hope that helps.
Cheers,
Richard.
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