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1,774 Posts.
135
14/07/24
18:17
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Good point. It is my understanding that Convertable Notes take priority over
shares when a company is placed in administration, or delisted.
So, the chosen few get a return on CN holding before shareholders.
Classic Christopher Skase, Alan Bond plays. CR, syphon of funds,
loans to family and friends at usury rates, at the expense of SH.
The saddest thing is that these guys have outsmarted ASX and ASIC,
our regulatory "watchdogs". How sad. Changing sentiment to GONE.
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