Watched that, interesting stuff, much of it was well known but what I found interesting was ASIC's admission that they 'might' have a look at the unfortunate lot of retail investors who lost everything after being misled.
That's a bit strange given that they spent $10m pursueing Andrew Forrest for five years accusing him and virtually trying him by media, of misleading the market. Case thrown out, which blind Freddy could see was the only possible outcome. I just happened to have read every company announcement and Fairfax story right through the period in question, and the whole sham was a figment of lies and trial by media.
ASIC decided (they told me, email available) not to pursue Ahmed Fahour for selling $3.2m worth of NAB shares at $24.62 while in possession of market-sensitive information not know to the public, information which seven days later dropped the price by $4.62.
ASIC is a joke, a not very funny one, clearly proved by the 4 Corners appearance.
