are these people guilty, page-7

Most buyers thought they would get the divi but of course the company canceled it. Of course the share price was suggesting that it wouldn't be paid but the announcement wasn't very timely.

If it looks too good to be true, it probably is - is useful advice. Then again some of the companies around the ASX on unlikely looking yields of 20-30% have actually managed to pay them.

I think in most circumstances it would be difficult to buy up a company for the sake of winding it up and paying a distribution, though a bit of it did go on in the eighties. (think the movie "Wall Street"). Generally it would cost a lot more than $37,000 except that the units in this case had negative value.