Ann: Private placement, page-146

I've not looked at this thread earlier today so I haven't sold any shares. I certainly want to invest ethically. Did someone send a query regarding the information posted in this thread about our director? As far as I know, to be a director requires integrity, not crooks. Here's some info from the ASIC website and have a look at the 4th bullet point.

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Linkhttps://asic.gov.au/for-business/your-business/tools-and-resources-for-business-names-and-companies/asic-guide-for-small-business-directors/becoming-a-director-of-a-company/

Who cannot be a director
Certain types of people are not eligible to be a director of a company. You cannot be a director if you:

• are an undischarged bankrupt
• have entered into a personal insolvency agreement under the Bankruptcy Act 1966 and failed to fully comply with the terms of that agreement
• have been banned by ASIC or a court from managing corporations under the Corporations Act 2001 (the length of the banning period will be set by ASIC or the court)
• have been convicted of various dishonesty related offences, such as fraud. You will be automatically banned for five years from the date of the conviction or, if you are imprisoned, for five years from the date of your release.

If you are already a director and you become an undischarged bankrupt or do not fully comply with a personal insolvency agreement, you will be automatically disqualified from managing corporations and cease to be a director of a company unless you have been given leave by the court to manage corporations.