Great post couldn't agree more. The ASX have been pushed into a OM and media whirlwind and this is why it's looking like a fish out of water.
To all the naysayers who think the OM report isn't important...Proxy reporters and the media wield a very big weapon and with that comes alot of responsiblity. So the very least they can do is look to be dotting the i's and crossing t's. This is why ASIC has put giudelines in place for proxies because they can fully respect they have a massive responsiblity to the market.
What we have here is what looks like a bunch of cowboys writing reports about a company and then being picked up by an over zealous media, of course ASX is going to get involved.
I'm not surprised this is going to court, all depends how far ASX want to dig their heals in. IMO a judge is going to find this all highly irregular.
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Great post couldn't agree more. The ASX have been pushed into a...
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