SO4 0.00% 31.0¢ salt lake potash limited

Latest info from KPMG, page-53

  1. 813 Posts.
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    Unfortunately litigation is the only option left and is it a case of good money chasing bad money?

    As a result of the ASIC and ASX SO4 responses I have personally decided that the ASX platform is too high risk as an investment asset class. There are better ways to get a return on investments imo. In fact I am not sure of the % of companies listed on the ASX but it is a majority that never make a profit.

    I have been progressively unwinding my holdings with one or two exceptions. Doing your own due diligence on individual stocks is a complete waste of time if the authorities are failing to enforce compliance effectively. SO4 is a great lesson why the ASX is a wealth risk not worth taking.
 
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Currently unlisted public company.

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