Advise ASIC, page-2

For those that want to do something about the position we find ourselves cornered in, the ASIC website (asic.gov.au) will eventually lead to the following 'Report of Misconduct' form...

https://www.edge.asic.gov.au/008/co...ls/t=bdb2ebc7f31ff988b15e1a90c7fd97417d9affb7

If you want to frame the complaint in the context of the oppression of minority SHers, I refer you to tofp's excellent post (#16190840). This is clearly not the only basis of a complaint and I'm not advising you on the appropriate approach in your circumstances.

ASIC will only act when faced with numerous complaints, so I suggest you act now.  Clearly, this is not apt if you're going to take Askari's view (not a SHer) and want to throw more money at the issue becaues things will improve (???). I for one see liquidation as the best posn (v. unfortunately) as we can then move to a Liquidator's Notice and arranging our tax affairs accordingly.

GLTA and of course DYOR...Pt