The point is, Aus Style Investments probably hasn't got $94 Million, and a court-case isn't going to get blood out of a bankrupt stone. It will only attract the attention of the government, cause the underwriters to finance the road contruction to keep the union workforce employed, and the poor ignorant shareholders will earn some public sympathy, and perhaps some air-time on current affairs TV.
The real issue is, why are BCSCA still allowed to trade at $0.001? Why doesn't ASIC step in and declare the company "untradable" or something similar? The 1000:1 unit trust obligations are clearly unreasonable at this stage, and nobody ought to be buying or selling.
BCS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
