re: Ann: MQG: Macquarie offer to eligible uni... Hope they nail Bolton too - this guy is not in the same league as the mum and pop holders. For one, he was well aware of the liabilities on the units and chose to buy them anyway. Second, he was trying to kill one of the largest projects in QLD's history, destroying tens of thousands of jobs, just to make a quick buck. Thirdly, he has virtually none of this wealth on the line, unlike the mum and pops who stand to lose their home. He was tricky enough to use a limited liability company to buy the securities. Even if his little ASI goes bankrupt as a result of this he still has his ASH - which owns internet companies worth $5m to $10m according to media reports.
This move by Maccas to bail out the small retail holders only is a brilliant move.
re: Ann: MQG: Macquarie offer to eligible uni... Hope they nail...
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