DMR Feedback, page-40

I have heard from ASIC I am not able to post any correspondence from them because of "Treat as in Confidence" & ( DLM = Sensitive ) notations to my replies. I can however I believe make comment I believe in general terms.
ASIC will not be taking action on my claims that
* Landau Stole 3.7 million from NKP & are very slow to pursue the $ 2.5 million still owing
* The Directors conspired to fraud in releasing a "Settlement & Release Deed" to cover this up.
* NKP put out a false AGM notice intending to keep out of the meeting as many Minority Shareholders as possible so that they could not ask embarrassing questions.
* Directors will not accept official questions attached to Proxy forms to be asked at the AGM *Directors will not release Minutes of meeting despite requests from at least 2 people I know of. ( this I believe breaches Corporations Law ) at the very least they may charge a fee for this service however they can not refuse.

What ASIC has advised is that individual minority shareholders Can pursue the above breaches civilly I am part of a current case in the WA courts pursuing Landau. I can not say more on this!
Minorities can rest assured that at an appropriate time a Case will be made in the Bermudan Courts against NKP & JinJiang This will be a class action style case where Minorities will be invited to contribute to costs on a X $ per million or a part there of shareholding if they wish!
You may ask how are you ever going to get money out of JinJiang from China the answer is this is almost certainly not possible, however they do have large assets in Australia (Norton Gold ) for one.So we can eventually bring these people to heel in a manner that ASIC dictate civilly, we just have to bide our time.
I really am surprised (or not) at the response from ASIC they are after all the oversight body protecting Australian Shareholders.
I remember I also complained to ASIC about our forth largest Iron Ore company Broxton a couple of years ago where by there were all sorts of shonky dealings in share or option purchasing and then tipping them in to the T/O . The T/O company for heavens sake was a Limo hire company in Hong Kong who had a few well healed mates with big pockets.

Again I am very disappointed in ASIC & as far as ASX is concerned they will not act unless (A LISTING RULE HAS BEEN BROKEN) Most Company Secretary's or Directors on the ASX are smart cookies who can rort the system with out breaching one listing rule

Enough of my rant of the injustices of investing on the ASX and expecting oversight from ASIC or ASX.