"Board and executives are indemnified by insurance paid for by company" That's good news, means the insurance company's deep pockets can pay for the compensation.
I would not be surprised if BLA was only created to extract the 250 mill from shareholders. This hypothesis is supported by so many of the division being sold back to their creators/managers (especially those who were directors).
We only need to get our money plus compensation back. Revenge will be dealt when things reach their logical conclusion: A government emerges who brutally cracks down on fraudsters. Or, more likely as its only a matter of time: A disgruntled shareholder gets a terminal illness and illegality of certain behaviours which some may describe as extremely violent is no longer disincentivised by lengthy jail terms. The terminal illness is already a foregone conclusion.
BLA Price at posting:
18.5¢ Sentiment: Sell Disclosure: Held
