And to add insult to injury, Speedcast International LTD - the New parent company will be allowed to trade on the ASX.
They bankrupted shareholders out their hard earn money and now will be allowed to list on the ASX like nothing has happened and makes $$$$$$$$$ on the process.
This is crazy. A company that has bankrupted its shareholders should never be allowed to trade publicly, period.
Is this how the financial system works in a developed country like Australia????????
This is robbery and fraud
SDA Price at posting:
79.0¢ Sentiment: None Disclosure: Not Held