There is actually a 3rd choice chaarlie and that is to sit down with the RA and our counsel and negotiate a signed settlement with us pending receipt of funds. Surprised you couldn't think of that or is it that you find that option too distasteful. I am sure that it will be cheaper to go down this route rather than 'resist the claim vigourously'.
And Squareroo, if it is a complete non-starter, why do you think a leading firm of solicitors, junior counsel and a QC are willing to work on a CFA basis. As it said in the piece in the FT last saturday, it is really unusual for a small group of shareholders to take this action. We will be making history in the biggest fraud case ever witnessed on AIM.