BCS 0.00% 40.0¢ brisconnections unit trusts

holders are not liable to pay until april 21, page-42

  1. 146 Posts.
    Just Curious....
    I want to know why people bought these partly paid shares/warrents in the first place?????
    Were they after the high dividend yield? If so did they not realise that if the share price falls you are behind the 8-ball. Did they not realise that dividends can and do get reduced/cancelled?
    Would be interested to hear from someone who did actually buy these "toxic assets"
    Second question...
    why did Mr Bolton increase his exposure (upto almost 20%) when he realised he was in deep shit. I mean if I was in his position I would have "gifted" my BCS shares/warrents to my dying Nan or the Salvos.
 
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