We are witnessing one of the greatest wealth transfer strategies ever devised on the ASX. The pirates have pretty much set the blueprint for how it should be done and win.
LIC with highly complex transactions, small enough that ASIC wont do anything due to resource limitations, nor will any law firm care to take on a class action at this size.
Essentially free to rape and pillage at will. And if there is the slightest trouble, utilise shareholders money to fund an army of lawyers to intimidate and put down any rebellion or unrest.
All the while the funds are named after Pirates for the ultimate FU.
HML Price at posting:
$1.99 Sentiment: Sell Disclosure: Held
