As most of these holders are unsophisticated would they have not seen the fact that there was a different code and then checked. On my website(i can not trade online) as soon as i hit the code the below comes up, i then click in and get research etc from there
Issuer Name : Brisconnections Unit Trusts Description : Stapled Security Paid To $1.00, $2.00 Unpaid
I would have thought that whould have set alarm bells ringing.
Bolton i believe knew what he was doing and he has some motive for his actions. These small holders where simply taking a high risk bet and either were silly enough to try and double their money knowing the risk or worse still just took a gamble without doing ANY research. Original holder would not be in that much trouble as they would not have had such a large holding unless averaging down.
BCS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held