for holders only very simple reaserch, page-26

I still don't think its the job of ASX or ASIC to determine if proposed funding is viable as funding is very complex and they would not have the means or ability to ever get to the bottom of it.

What they should be held to account for is letting an announcement come out that didn't provide enough detail for shareholders to make an informed decision. Because if it did have all the detail that they are now requesting then people may not have bought in during that 4hr window before the suspension.

Also if there has been any insider trading then I hope they go hard and find those responsible.

Perhaps ASX or ASIC could learn from this and pay extra scrutiny any time a penny stock makes an ann. If this requires more resources then just charge back to the company.

The reason why I and perhaps other non-holders find this story so facinating is that many of us are holders of penny dreadful stocks and this same scenario could play out with our stocks.