"Meanwhile, things are understood to be hotting up behind the scenes at BrisConnections as the second of a three-part instalment looms in April.
The first $1 instalment is currently trading at 0.001c a share, which has caused massive headaches for everyone. The second instalment is causing even bigger headaches as the underwriters, Deutsche Bank and Macquarie, try to find a solution to the mess -- or take a big hit.
It is hard to imagine the retail investors, which now dominate the share register, will be willing or able to stump up the next instalment even with threats of legal action. This leaves some form of a government bailout, or a buyout by institutional investors, a more likely option."
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- extract from article in the australian
extract from article in the australian
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