Ann: Company Update, page-92

Too much faith has been put into regulatory bodies, which are now being proven to be toothless.

https://www.abc.net.au/news/2024-07-03/senate-committee-recommends-asic-overhaul/104052584

As anyone with eyes has seen, ASIC has been a huge failure.
A lot of faith has been placed in "no sirens from ASIC must therefore mean the company is squeaky clean, and any concerns are merely keyboard warriors tilting at windmills", when the reality is that ASIC merely doesn't bother to investigate.
They probably have as much trouble getting information out of the company as shareholders do.


It is no wonder, with a 200 strong workforce, and 95,000 entities to police.