Hi GuysAgreed there must be many many investors very unhappy and...

Hi Guys
Agreed there must be many many investors very unhappy and seriously burnt

I got seriously smashed with MFS. I had to attend a funeral on last Friday morning so I couldn't get to my broker or monitor what was happening. It was too late once I saw the price in the afternoon. There goes $$$ for a new car

Spoke to a lady at Maurice Cashman,Sydney about Legal Action. Class Action is highly expensive and what will you get? 5 cents in the $.
Is it worth the expense and stress?
Probably Not.

Hopefully the CEO can negotiate a decent price for Stella, but it will be an uphill battle. It may be better to hold and hope for a recovery over 12 months, but who really knows?

Based on UBS's performance in advising MFS.
How would you rate them?

2/10 or 8/10?

best wishes to all investors
A Very Very distressing situation
Don't Forget Australia remains a GREAT country

Phil