Some solace that frustrated holders can take from this current debacle is that if Bonitas are telling the truth about 'being Short' then at least they have to cough up some money when the divy payments are being distributed! Or can you avoid that responsibility in the US aswell?
I don't have a problem with their premise to call out bad corporate behaviour, but when you can do it without fear of repercussion thanks to protection of boundaries of law jurisdictions thats when it really smells.... as they can benefit from the upside without any fear of the downside.... and thus I only see one winner and lots of losers in this one
Ann: Bonitas litigation, page-235
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