BLA 0.00% 18.5¢ blue sky alternative investments limited

Fundamental flaw in Blue Sky Investments, page-5

  1. 21 Posts.
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    Probably worth looking at the history of Commstrat (ASX COJ) that was liquidated after Blue Sky as trustee for a fund underwrote a capital raising (that nobody took up) and lent unsecured funds to COJ and lost best part of $5M. Two Blue Sky directors were the majority directors on that company. Sowerby resigned 4 months before it was liquidated and with writing on the wall. As to valuations - well Blue Sky twice had E&Y do valuations and yes value went up to reflect what a good job Blue Sky was doing. Didn't prevent total loss of capital. is history repeating but on bigger scale?
 
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