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Ann: ASIC Proceedings Update, page-3

  1. 456 Posts.
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    $5,000,000

    That's it!?

    The SP was about $3.50 when a bit of the muck started being announced, i.e. CFO sacked, CEO on forced leave.

    When the trading halt was called the SP was $2.80. when the halt ended a few months later the SP opened at 18 cents.

    Market cap destroyed, investors lost millions.... and the fine is $5m !?
 
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