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23/01/15
12:01
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Originally posted by buddy134
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Now, will ASIC go further than that and ask questions to the past and present Directors, or will just leave it there to mature and start fermenting.???
Now, IMO a good old ASIC would start doing something and, if at all necessary, take drastic measure to reassure investors at large that they are looking after them and, if someone was found to be wanting and at fault, prosecute them accordingly.
How many times can shareholders afford to be taken down as Corporation and greed fodder.??
Good luck to all but, IMO, this thing is just on it's last breath now. Especially if the Company is going to be starved for finances.
CVI, with the same course of action at the time, quickly comes to mind at this point in time.
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Buddy
Show me anywhere that ASIC has protected small holders and gone into bat for them ............... and actually followed through and got compensation . Like most white collar it all gets settled early so outcomes are pretty rare for the real small investors .