Jump to content

Blue Sky Alternative Investments shares take another hit - General Hangout & Discussions - InviteHawk - Your Only Source for Free Torrent Invites

Buy, Sell, Trade or Find Free Torrent Invites for Private Torrent Trackers Such As redacted, blutopia, losslessclub, femdomcult, filelist, Chdbits, Uhdbits, empornium, iptorrents, hdbits, gazellegames, animebytes, privatehd, myspleen, torrentleech, morethantv, bibliotik, alpharatio, blady, passthepopcorn, brokenstones, pornbay, cgpeers, cinemageddon, broadcasthenet, learnbits, torrentseeds, beyondhd, cinemaz, u2.dmhy, Karagarga, PTerclub, Nyaa.si, Polishtracker etc.

Blue Sky Alternative Investments shares take another hit


Recommended Posts

BLUE Sky Alternative Investments shares have taken another battering, sliding more than 11 per cent, after revealing details about its dealings with the corporate regulator.

The Australian Securities and Investments Commission has issued Blue Sky with a Section 33 notice, forcing the embattled Brisbane-based fund manager to open its books for investigation.

Blue Sky shares were down 11.4 per cent or 19.5 cents at $1.51 at 1.15pm on Monday.

Blue Sky, in a statement to the ASX, said ASIC had requested information over a more-than two-year period, from January 2016 to June 12, 2018, the date the notice was issued. “This notice was marked by ASIC to be ‘Treated as In Confidence’,” Blue Sky said.

“The ASIC notice states that it should not be construed as an indication by ASIC that a contravention of the law had occurred, nor a reflection on any person or entity.

“Blue Sky is fully co-operating with this request for information,” Blue Sky said.

Blue Sky said it had given ASIC full access to “all relevant materials relating to all matters referred to by Glaucus”.

US-based short seller Glaucus in a March report accused Blue Sky of misrepresenting the performance of its investments and inflating its fee-earning assets under management.

The stock was trading at $11.43 before the Glaucus report was released.

In late May. Blue Sky also said that it self-reported to ASIC a breach relating to the trust deed of the Blue Sky Private Equity 2010 Institutional Trust governing lending limits of the fund and that last week it reported another breach relating to the misstatement of dividend imputation credits in relation to 2013 distributions of the Fund.

“This breach will be advised to investors at the next immediate opportunity and the breaches did not result in any loss to fund investors,” Blue Sky said.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
  • Customer Reviews

  • Similar Topics

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.