Shine Lawyers is currently investigating the statutory accounts of Blue Sky Alternative Investments (ASX:BLA) in relation to possible overstatement of earnings on its assets which may have led to an overinflated share price to investors.
BLA shares were placed into voluntary suspension following an ASX inquiry into BLA over allegations made in a report published by Glaucus Research Group. The suspension was lifted following BLA’s response to the market and shares began trading at an approximate 20 percent discount to the close price prior to the suspension.
If Shine Lawyers’ due diligence uncovers further evidence that BLA may have acted in breach of its statutory reporting duties Shine will likely commence a class action on behalf of shareholders.
Shareholders who purchased BLA shares between 19th October 2015 and 19th February 2018 are encouraged to register their interest in a potential claim against BLA on this page.
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