So you concede you were wrong then, yeah? Because ASIC never alleged the board withheld - let alone were in possession of - the information they allege the CEO sat on for a month. When the board did receive and read the report, they went into a trading halt. Singleton was later shown the door.
You clearly don’t win much of your commercial litigation if you are hiring Saul Goodman for lunch money. A decent lawyer with comprehension skills would first read the complaint before casting aspersions and making wild statements that are quickly shown to be incorrect. It’s a good tip for those who troll the forums of stocks they don’t hold too.
Ann: Austal reaches settlement with ASIC, page-8
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