The 2016 Annual Report to creditor and noteholders has published on the liquidator's website: Annual Report 2016
Key information from this report is that the first group of shareholders claiming their loss against the company has lost the case in the courts and is ordered by the court to pay BBL's cost incurred in the litigation process. Probably, due to this outcome, many of the other three groups of shareholders have withdrawn themselves out of this so-called "no win, no cost" litigations. According to the report, the total number of shareholders still in the litigation has gone down to 429 (including the first group of shareholders mentioned above) from initially 1299.
In today's market, less informed people are often taken advantage of by some people.
Just my thoughts and opinions.
BNB Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
