ASX Just publishing a naughty list to make it easier to track all the non compliant companies rather than people having to search individually.
ASX believes its rules are actually useful and bases its rules on the assuming that companies and their management are honorable but it has no ability other than to halt ,suspend , eventually delist and refer to ASIC
ASX believes that if it stops a company trading it has done its job and wipes it's hands passing all other regulation and enforcement to ASIC who ...................well - what can you say..
With electronic accounting these days companies should be forced to issue unaudited accounts every quarter not just cashflow to stop shareholders being told late when the crap is hitting the fan. They should have to issue audited accounts set to be relisted so there is a starting point for shareholders at least on cash and debt.
Add to My Watchlist
What is My Watchlist?