Australia's largest stock trading and investment forum Australia's #1 stock forum

BLA

Click for more information

0.00%

18.5¢ blue sky alternative investments limited

Blue Sky Share Holders Association, page-20

First 20 Last

Share
Profile

Follow
Kkkw

1,989 Posts.

424

23/07/19

23:33

Post #: 39659299
Share

Originally posted by pikel1980 ↑

At the end of the day your not going to get the oaktree deal undone. They hired a consultant that told them and everybody that the deal was not fair but reasonable given the circumstances. Its all in the report... They went thru a process and the oaktree deal was the best they could find. The alternative was to put the company in administration then.

In terms of class action, there will not be one, you need assets for a class action to make sense and this shell isn't going to be worth much at all.

And in terms of staff trusting Oaktree, how did Oaktree betray them if they get jobs? Its just us the shareholders who miss out. Oaktree is just executing their legal rights - BLA couldn't meet theirs. Nobody has been betrayed - BLA couldn't meet their exceptions, be it stupidity, naivety, market conditions etc.

As far as Im concerned - this was a dud from the beginning and was the writing was on the wall when they could no longer raise money to pay dividends - look back at the books, the business model never worked - it was all smoke and mirrors from the beginning. The person responsible is the founder who polished this dud into a diamond, jumped ship and left shareholders with a dud.

Expand

Correct

BLA Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

RCE

Recce's R327 found effective against E.coli during clinical trial

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

There are more pages in this discussion • 99 more messages in this thread...

First 20 Last

Add BLA (ASX) to my watchlist

SPONSORED BY