ASX needs to step in and halt trading and investigate whether there was any collusion between ASM and Somboon. They should also investigate how ASM just simply appear to have rolled over any prior court proceedings after the previous Board spent so much time fighting. They should enforce all requirements under Australian law on this business.
The way this current management has allowed the writedowns just to go away without any consequences has been to the detriment of Donaco itself but more so to minority holders.
What sort of message is ASX sending if it fails to step in? AIMHO
DNA Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
