Mate I think you are missing the good cop bad cop elements to this.
Don't confuse the father with the son, because it makes the apparent truth unbelievable.
Lets hang onto the hope that the now gone father was gullible and in need of Aussie Dollars when the company was unable to pay a divedend from their cash pile so mortgaged his shares to a user who cleaned him out on a rainy day.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held