re brisconnections

There are 97.6 million units on offer at 0.1 cent, that is 25 % of the total issue
There are 131.56 m on sale ie 33.7 percent of the stock
And if the truth be known the whole 100% would be for sale

ASIC and ASX are at fault here for allowing a defective product to begin trading
This is a $3.00 stock trading at its paid up value
This is misleading to all traders. A $3.00 stock trading at $2.00 and nobody would be interested.

Brisconnections knew that that market was poor when they issued the prospectus.
It was issued to entice investors by offering a reasonable return and once they had the money, they changed the rules by dropping the enticement.
They made a deal and should stick with it or should be made to do so by ASIC.
The prime loans and credit crisis had no impact on Brisconnections. It was an excuse but a poor one because they were fully aware when they issued their prospectus.

It seems that no-one is going to rectify the situation and investors may be forced to donate their script back to Brisconnections.