Ann: Blue Sky announces Management and Board changes, page-26

Salary & fees of $477, they really don't get do they?
Got to be one of the worst pr handing in aus corporate history.
I wouldn't invest in this until every single board member, non exec director & senior mngr left the business.
I'm pretty sure in normal circumstances this would be strong buy but the mngt have been proven to be not only be lacking in ethics but also completely incompetent.
They should have suspended the share weeks ago, cleaned out the mngt, brought in independent valuers & issued the valuation report before starting trading again.
It's pretty clear why they were being opaque with the reporting, to hide the excessively high fees they were charging.

It also turns out Shand bought a property in Townsville from Blue Sky according to the AFR, you just shouldn't do that sort of thing if you want to have any integrity in the eyes of your investors.