Ann: Company Update, page-53

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Aussie Eagle

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01/04/24

18:05

Post #: 73136878
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Originally posted by Aussie Eagle: ↑

Chris, 'no longer bound by the toothless tigers ASX and ASIC?'

There's an easy answer/comment I employ on that which is "Plausible Deniability"

ASIC have handed over responsibility of 'regulating the Market' over to ASX-listed entities as in if there's any problem that arises from that 'contract' then ASIC would have to have a chat as to why those regulations haven't been upheld.
That'd take forever imo.

Basically ASIC have put a plausible deniability clause into place wherein they themselves aren't responsible for their own rules !
They've passed their rules of investor protection onto a listed company valued at over $12 Billion.
I can't see them giving a toss over a minnow like this, haul them over the coals, reprimand them, or more importantly, show that they WILL protect investors and the small-cap market in general.

That (imo) is the disgraceful behaviour the 'authorities' are displaying which CGB are, and have been, taking full advantage of to make the best of such conditions.

Imo, the buck stops at ASIC.
If they're happy to oversee and go along with corruption/irresponsibility then the whole small-cap market is doomed imo.

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I suppose what I'm suggesting that the entity and controlling body which is called the Australian Securities & Investment Commission is nothing more than a scam that tries to show they don't know their arse from their elblow. In my opinion
They're the gutless entity.
So, it goes well beyond these pricks in the current environment.

CGB Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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Ann: Company Update, page-53

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