Stumper, I raised the same point (posted under BCS) if you purchased after the float on market it will be interesting to see legally if BCS can take acting against you.
If you look at the debacle in the Opes Prime and the subsequent legal challenge client of Opes which is currently on going. In ANZ defense, client of opes prime did sign document when they joined.
My point is if Opes Prime client think they have legal rights even that they signed papers. Now you can purchase large amount of BCSCA and not be aware you are really buying $2 worth of debt per security without any paper work alerting you to the debt.
Given where BCSCA is trading will under the 5.9 cent distribution level I think the market is right, better off staying away.
Interesting from education point of veiw how this plays out.
Just my opinion do your own research as BCSCA is very high risk.
TOL Price at posting:
$5.89 Sentiment: None Disclosure: Not Held