Whats next for Blue Sky?, page-13

Not sure what is more cringeworthy..
saying its "run well" or justifying it with higher dividend % yields on a sinking delinquent mcap/SP.

That all said, i'm a definite trader in this cesspool just as I was with BNB and Centro before the lights faded out.
Timing is crucial and not for faint hearted.
Centro (ok CTR) was a traders paradise once it got thumped.

As others suggest, not worth playing here just yet.


These were comments from the liquidators of BNB at the time, is it just me or does it sound weirdly familiar somehow?

"creditors of Babcock & Brown agree to place the failed asset management group into liquidation - reports indicate the Liquidators, Deloittes, intend to probe - the potential conflict of interests between the boards of B&B and Babcock & Brown International Pty Ltd, which houses the group's remaining assets that are locked down on behest of the group's banks seeking their money back - the possibility of inadequate disclosures to investors in its offer documents - a review of its risk management activities and the operation of its business model that was primarily reliant on debt funding - an investigation into whether it may have traded while insolvent before it failed"

PS: Lenard's chicken franchises do have something going for them...they are considered the simplest franchise to tear up $200k+ on ever.