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Ann: Trading Halt , page-6

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  1. kennethgalbraith
    13,561 Posts.
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    06/04/09
    13:03
    Post #: 4985619
    I forgot to add that if the underwriters were to go chasing these shelf companies for the $2 instalments, the company directors would just "sorry we don't have the money" and then go into administration

    I am not sure what would happen to the directors but I think they would probably be able to walk away scot free

    BCS Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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