BCS 0.00% 40.0¢ brisconnections unit trusts

right to refuse to register transfer, page-18

  1. 3,816 Posts.
    "it is interesting how they keep claiming that the IPO documents are binding on the investors ( even those who were not involved in the IPO )"

    And do you know why it is so interesting to me mychinyon? Because the very clear inference in this statement -imo of course- is that BCS management no less is of the view that the liability of BCS securities can be legally transferred prior to the SIRD. So maybe it is okay to transfer those securities prior to the SIRD to someone unable to meet the liability, but legally entitled to own BCS securities? If so then my guess is that a lot of holders will be looking to transfer their holdings prior to the SIRD. I hope they reward their benefactors well. Better hurry though, lest the directors try a stunt like refusing or delaying transfer.

    Hope the poor old BCS holders can win this battle.
 
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