Looks to me that certain shares have been allowed to be traded, whilst they had restrictions on them & were not meant to be so.
So now WGL have to head off to the Federal Court, on its financial knees, to try to clean the mess up.
Am simply incredulous.
To me It's been like watching a large bath full of water, with a very small floating toy in it, empty down the plughole. Not much seems to be happening at first, apart from the level dropping slowly. But as the level gets close to the bottom, that toy is circling around & around faster & faster, prior to it disappearing down the hole.
Wonder when the liquidator will give confirmation of my tax loss so I can utilise it?
Sigh
WGL Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
