The FIN has another crack this morning... Blue Sky confirms ASIC...

The FIN has another crack this morning...

Blue Sky confirms ASIC probe, doesn't deny water Ponzi

Monday was another extraordinary day for toxic Brisbane property developer Blue Sky Alternative Investments, its shares shredding a full 15 per cent of their value, closing at $1.45 (its capital raising in March was at $11.50 per share), after we pointed out that the Australian Securities and Investments Commission last month demanded Blue Sky produce more than two years of its internal accounts in order to ascertain whether it has breached its obligations under the Corporations Act.
Seven minutes into morning trading, Blue Sky issued a statement confirming the ASIC investigation. But tellingly, the company's statement did not rebut our characterisation in the very same article that its Water Fund is a Ponzi scheme. Didn't even mention it.

https://www.copyright link/brand/re...probe-doesnt-deny-water-ponzi-20180702-h125mn