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Maysgr

1,671 Posts.

280

07/05/18

13:22

Post #: 32929381
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Originally posted by Sojourner ↑

I thought it was obvious why those questions are not relevant but I'll explain it to you. The strategy works great if ASIC aren't looking, they can trade and the market believes the cash receipts are real and unencumbered driving up share price so they can sell to others at a profit.

Now everyone (well almost) knows the cash receipts were BS, in the unlikely event this trades, the sp will plummet. So why would FC risk their cash when they can no longer get shares at a discount to flog to a rising market? FC would rather keep their cash making their shares worthless because they know their shares are worthless.

In any event, given they seem to have all of Big's assets as collateral by putting it in admin they may very well end up owning it all anyway. Not that there is much of value to own.

Just imo.

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Got any evidence to support your supposition that FC have sold any shares?

FC would have well and truly known well before the rest of us that the cash receipts weren't "real".
Letting this continue would only be making it more complex, harder, timely and expensive if they were going to engage administrators.

BIG Price at posting: $2.22 Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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