So they did an acquisition and did not get the support needed for compulsory acquisition and then illegally transferred all of the value in the company to themselves by way of debt and then bought out the residual equity at a massive discount through their own corrupt actions over the debt arrangement.
Well done ASIC, Well done Takeover Panel, well done ATO.
A consummate example of having plenty of regulatory bodies none of whom are effective.
The new owners are laughing at you while flipping you the bird.
So they did an acquisition and did not get the support needed...
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