Adopting the KISS principle, I would humbly suggest the following:
(1) Since LFSL is a separate legal entity, (admittedly owned by LNK) , and as per confirmation from LNK "Link Group has not made any commitment to fund or financially support LFSL. Link Group considers that any liabilities relating to the Woodford Matters will be confined to LFSL. The release of this announcement was authorised by the Link Group Board", then just wind up LFSL Don't waste money fighting the FCA in court, for they have a deep pocket.
(2) Sell off all the share registry businesses in Australia to other share registry companies like CPU, Boardroom, Automic or others. Liquidate all other businesses and retire all debts.
(3) Remove all members of the Board of Directors and Management. Layoff all staff.
(4) Distribute PEXA shares in specie to shareholders in the final winding up of LNK.
(5) On the way out, stick a finger to D and D.
Had a few glasses of red, so the above should not be taken seriously.
LNK Price at posting:
$3.31 Sentiment: None Disclosure: Held
