It is time ASIC made a move on Babcock and Brown and others like it that continue to hang in there by the skin of their teeth simply relying on paper liquidity and paper values that cannot be sustained because they do not reflect the standards or the methods valuers are required to exercise when valuing assets these companies hold.
A stock or share traders belief one day in what a B&B share is worth is certainly not the way to go. Becaue the vultures have been a bit kind to them of late by buying in the hope it will rise exponentially the next day for a quick killing, does not mean the company's prospects for the present or future have changed.
I will identify the others later. B&B needs to be delisted and delisted now.
