I would not believe anything receivers or Oaktree say now as the truth.
They act in their own self interest. I have lost a lot of money and it doesn't look that receivers and managers have my interest at heart. Oaktree will now skilfully remove their assets out of blue sky to recover their investment only. Receivers have failed shareholders already.
Both Kim Morison and John Kain sold large proportion of their shares at the top of the share price ($11) and sitting on cash. Kim Morison has purchased large property and has already annoyed neighbours by damming tributaries that flowed on to their flood plain.
He has stopped his legal action to protect Blue Sky's Real Assets business ( water and agriculture funds) and has now joined Oaktree Capital Management. Sound like a deal has been done. Shareholders are being fleeced.
Will contact lawyers for opinion!
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