the most toxic share on the asx

I must admit I was perplexed by the share price of the BCSA securities.

And then i did my research (thanks to the smart posters on HC who have already wised up on this).

You can buy 1,000,000 for $3000 plus brokerage today,

BUT

You are supposedly personally liable for $2,000,000 for each $3000 of BCSA securities you buy. You run the risk of being pursued by lawyers through the courts if you default.

This has to be the greatest all time cluster f*ck brought to world by the genius factory at Mac Bank.

I'd like to see the lawyers argue over this one - the liability is not disclosed when you buy on the ASX, it's just assumed that you know about it.

What the f*ck is ASX and ASIC thinking by letting this one continue?

R/happy