minefield,
my point is correct and that is that ASIC is required to act if there has been any breach of listing rules or corporate law, including any statements that mislead investors.
It does not react according to how many letters it receives.
If it did , there would be many cases and many lost cases.
Consequently they like to pick fights they can win so they ensure that the law is on their side.
stokes breaks silence, page-106
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