BlackriveredYou said:"Not trying to offendbut"If this is the...

Blackrivered

You said:

"Not trying to offend

but"If this is the model for the future then look out."

is rubbish

there have been numerous stocks that have had similar stucture over the years. TLS which was one of the most well known floats of all time was done the same way. The code is a dead giveaway that there is something different."

Which TLS float are you referring to? Not t3 of course, since:

http://www.asx.com.au/PDF/08-006UBS.pdf

"
1.2 Limited recourse Loan
The Loan is a limited recourse facility whereby the
recourse of UBS against the Holder is limited to the
total amount received by UBS on disposal of the
Underlying Parcel relating to the UBS SFI held by the Holder (whether by exercising a power of sale or
otherwise). UBS will not take any action against the
Holder in relation to the Loan to recover any amount
beyond enforcing the Security Interest or otherwise in
accordance with the Instalment Deed. This clause 1.2
does not apply to a Holder’s liability to pay any TFN
Amount to UBS."

So which tls are you referring to blackrivered?

Good luck to all holders finding a homeless person who will accept ownership of your shares for a fee.

"How can I affect an “off-market” transfer?
If you are sponsored in CHESS and wish to transfer your
shares to another party “off-market” (perhaps to gift them
to someone), either:
• Instruct your CHESS Sponsor to make an off-market
transfer of the shares to the other party; or
• Instruct your CHESS Sponsor to convert the shares to
the Issuer Sponsored subregister. When this is done,
complete an Australian Standard Transfer form, available
from the share registry, to effect the transfer from your
Issuer Sponsored holding.
For more information, ask your CHESS Sponsor."