Much discussion about this and the potential legality and...

Much discussion about this and the potential legality and illegality of each option. For example, is pay a derro to accept your shares legal or bottom of the harbour stuff? Boomeronations has raised the interesting question of "When does the BCS security incur the liability?". He/she then gives reference to 2.6 of the pds, i.e.

"2.6 Second Instalment

The amount of the Second Instalment is $1.00 per Stapled Unit. Unitholders who are registered as the holders of the Stapled Units on the Second Instalment Record Date will be required to pay the Second Instalment by the Second Instalment Payment Date."

It would be interesting to hear the legal opinion on this. As Boomeronations pointed out, if there is no liability before the SIRD, then there is no possibility of criminal sanction for transfers completed before this date.

I hope all the poor buggers caught holding this filth can get out.