I'm no lawyer, but from what I read I think you will find that if you sell on market there should be no problem. The difficulty here. as we all know, is the scarcity of buyers.
However, if you sell off market and you know that the buyer has no intention (or ability) to meet the obligations you may well find you do have a problem. Your position may be further weekened if it can be proven that you paid the buyer a fee, (and wouldnt you have to, otherwise why would the buyer want to be involved). You may possibly find that "conspiring to defraud" charges may be thrown in for good measure.
I reiterate, I'm no lawyer. Anyone thinking of such a scam should pay one for advice.
- Forums
- ASX - By Stock
- BCS
- pay thousands and owe millions
pay thousands and owe millions, page-28
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online