A google search excerpt.. what a research effort!
The following is from the prospectus:
Hmm.. our lead manager is ASIC Licensed as an Australian Financial Services Representative. Interesting - ASIC warn you against dealing with Empire Capital Partners and then license what I assume to be a subsidiary?
Let's put the
real effort into interpreting this.
How about Occam's razor?
The head office was overseas and found that ASIC wanted it to be accountable directly with an Australian director/base, rather than overseas. Empire Capital Partners incorporates Empire Equity Ltd to comply. ASIC provides AFSR license following compliance.
The reason the company 'could' be involved with a scam according to this listing? It's not licensed in Australia.
Maybe the use of overseas email addresses causes this warning - explained simply by the fact overseas offices assist in operations & have correspondence that doesn't end in .com.au, therefore causing people to assume that it is purely an overseas entity.
Legal entity for our purposes is Empire Equity Ltd. The license-holder.
