John Kain Chairman BLA should resign immediately, page-13

I wouldn't just yet, not till it bottoms out below the liquidation value of company. The issue is, are the assets of the company saleable? Macquarie is have a real look at the BAF fund, the announced a 5% stake today, so it will be interesting to see how that plays out - ie if they accumulate more and make an offer to take over the running of the BAF trust or are they just trying to capitalize on the discounted NTA.

If Blue Sky loose control of the trust, the game is over for Blue Sky. But I might take a punt if the share price drops to under $2.30, just depends on how the story plays out over the next few weeks / months.