Ann: Contract Default Notice Issued To Varm Cosmo, page-85

“Who is going to protect the rights of small investors like us if companies exploit this trick over and over again?”


MXC have a believable reason for the failure of the “deal” and are going after “compensation” I will be amazed if they receive one cent! Just like the California excuse! Wasn’t that Trumps fault? (From memory)


No one will look after you, it’s buyer beware.....The following is a basic look at ASIC’s thoughts capital raising and therefor something to think about!

ASIC Quote re CR's -"What we're looking for

Contrary to some public perceptions, we don't..............nor do we pronounce judgment on the merits of a particular business enterprise. Instead, we aim to ensure that the prospectus has adequate information so that investors themselves can decide on the merits of investing in the company.

To illustrate, we would not stop a fundraising to develop a business making concrete life jackets, provided the company's disclosure about the risks and prospects, etc complies with the law.

What we do is review a number of selected prospectuses to ensure the disclosure is adequate. Prospectuses are selected using risk criteria developed from our experiences in this area." ((They also rely on the public to complain))


http://www.companydirectors.com.au/.../avoiding-stop-orders-on-your-prospectus-asic