the auditor should take some blame, page-13

No Pa2000. Ousia is correct. TPID have not yet announced to market that the sale to Saddington has settled and at last record, the transaction remained undergoing due diligence. TPID seems to be near death - virtual office, no accounts filed, shut down website (and another one full of malware)

Not that there seems much point getting bogged down in the details. Until proven otherwise, I personally don't believe that the China Gas Tank project is a "real" project at all - at least not in the sense that it has been communicated. I also don't believe that AQSIQ was involved at all - more likely certain shell companies were temporarily using the term AQSIQ as part of their name. These are just my opinions and may yet be proved wrong.

What concerns me the most about this is the money that was taken from the investing public - quite likely more than $100m has gone back to the original investors in ETC and sellers of Nexbis and Sapio. Incredibly, all based on over-hype and only possibly due to the generosity of gullible institutions, (abetted by an unquestioning ASX).