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Complaint raised with ASIC, page-66

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03/12/19

22:25

Post #: 41778812
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Originally posted by ClemFandango: ↑

Ok guys.....received this response finally from ASIC.
What can i say......but even more incompetent and pathetic than i had ever even imagined! I am seriously considering removing all my money from the market.....because if this is the level of investigation are protection they offer retail investors, we are all in trouble! You have more rights buying a toaster from the reject shop than you do with our share market.....
i just love the line about resolving the matter with them......how the F××÷% do you even get hold of the C",&ts? Where are these assays then? Because awaiting them seems to be the only function of this turd....oh and capital raises.....cant forget the capital raises!
and before anyone hits me with a truth bomb and tells me this is the casino end of the share market( which i agree with).....and this is the level of corruption commonly found here (which i agree with)....let me just say.......i naively expected a better outcome....or at least a bloody phone call

"We completed our assessment of your concerns and have determined we will not take further action at this time. ASIC believes that these types of disputes are best resolved with the benefit of legal advice and communication between the parties; not with formal intervention by ASIC investigators. We note that under the terms of the Facility, proceeds will be remitted to shareholders provided the shares can be sold at or above the minimum price."

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Yes, I received exactly the same reply. Wonderful...

CAD Price at posting: 0.1¢ Sentiment: Sell Disclosure: Held
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