I saw this the other day:
Many small time investors in the recently floated company Brisconnections could face financial ruin after discovering the shares they purchased are to be paid for over three instalments. Many investors bought into the company when the share price plummeted from $3 to just a mere tenth of a cent believing they were snapping up a bargain. Now, investors face bills running into millions of dollars when the next dollar per share payment is due in April, a liability they claim was never spelled out to them.
I'm new to shares and don't quite understand this "dollar per share payment"? Is it becasue the company was recently floated?
My main concern is I plan to invest in shares and wasn't aware of these types of risks. I thought the only risks involved were the share price decreasing and the possibility of the company going into liquidation.
E.g. If I was to invest in some ordanary shares in BHP is there any contract for the shareholder relating to those particular shares? And if there is how would you find that information.