ASX/ASIC - Complaints, page-4

@FullMoonFever
lm getting an impression that the asian sector has aquired enough holdings to maintain comtrol. I did wonder about new dir's allocation? 700k shares?
https://hotcopper.com.au/threads/2815055/
Worth a re..read.

@W007
Your story of friends becoming involved and now suffering is one which i relate to and now wish i was silent....At the time it was impossible to not be confident given the media coverage.......... Big lesson learned. Personally, and sadly will never share enthusiasm again.

From above case response, l understand ASX has no part to play here and it considers all is good from thier perspective.
Sheet, after reading the response from ASX, i began to wonder what our issues with suspension is about.....? Should we just be patient? How much longer? The notation that ASIC had also been contacted begs a query if response was recieved....@W007?

The big question l have is why the largest holders happy to wait this out? Maybe a further 6 months they call the loan and forcefully T/O control of WBT! (Removes all need to pay the 500k) Irrespective of status of testing.... , my understanding from the start was NXR could at anytime make a decision to act on 51% given due consideration to test results, never did it say that results need to be 100% positive. The reason to act is NXR could have funded further R&D, not gotten into suspension, and traded on the progressive improvements. Why have'nt management acted since; especially if progress and enhancements were actually being undertaken and progressing positively. Incompetent or sinister or not progressing? I continue to ponder this query. My personal thoughts are that the major holders dont consider a few million $MC is anything to concern itself with. Let time play its role, if nothing positive, claim a loss and move on. Its just business.

There is not many options available it seems for retail holders, short changed, mushroomed, played by those atop, short of civil action but on what basis?
If @Objective's posts are to be believed re disclosure of information to WBT holders and the passing on of such information is withheld, then action against NXR might have some merit. But against WBT there is little....the SD interview was done as NXR director wasnt it? I cant tecall now.... Possible...Both parties on the actual status of the product at the time being wrongly promoted? You decide.

@lgs
I have been reluctant to contact you directly regards the group, l tottally support the stance taken to achieve an outcome for retail investors representation on the boards, but given the collective numbers its a very difficult task and i remaim sceptical on any practical delivery or warmth and welcoming. Fear of truth being revealed and all such things?
However, The latest BS posted here has given rise to conspiracies beyond face value and provides me a reason to sign up, l wonder what other stuffs are now kept mute by all parties. Im reconsidering.

Such a f....ing mess.