bcsca any idea, page-22

Even worse situation if you stay in the DRP (which is the way BrisConnect intend to pay unless you request cash)and get an extra 10 or so "albatross" shares per one held and then have to pay second instalments on all! As you say, key issue is whether BrisConnect can pursue holders for instalment 2 after ex div date when there will surely be no buyers. This is a farce, with real prospect of Company suing its shareholders. Better bet might be for BrisConnect to cancel distribution and use funds for a buyback to ensure that post second instalment shares will be worth more than $1 as that's the only basis on which the partly paids will be an asset rather than a liability and on which shareholders will want to proceed with another $1 having seen the first one evaporate. Either way, if there is no market in shares in the days leading up to instalment 2, (provided either by the company or willing buyers) chaos will result.