Essentially it is not about existing shareholders, hence don't...

Essentially it is not about existing shareholders, hence don't hold your breath for response, let alone one worth reading!
But cheer up there are other patsy's here (being the acquired company & the existing BCL Directors selling out their sole and the company in the hope of escaping future risk of retribution as the company going forward isn't in the same industry nor new shareholders interested in past history)!
A group of people (being polite) saw BCL as an easy & present opportunity to gain control of an asx listed shell company to speculate on investing in another existing company without any real money down, via a capital raising with consultancy fees &/or ongoing Directors/Management fees going forward. And of course having an easy avenue to get additional shares and fees (if it is successful) via a sophisticated investor Capital Raising in the future!