Incidentally, a bit of googling around ASIC and "statement of...

Incidentally, a bit of googling around ASIC and "statement of concerns" turned up a few interesting things. Firstly, these "statement of concerns" documents are generally kept secret, so we may not ever get exact details of what was wrong, though presumably that will depend on what they do to fix the issues, since it might become obvious from that. In the past The Australian have done FOI requests to eventually find out (http://www.theaustralian.com.au/bus...s/news-story/e97235c4849ebc969f86d72741e154da).

Secondly, a leaked Statement of Concern around Fortis Mining in 2012 showed that ASIC's concerns were about not properly/fully disclosing the directors' interests (http://www.smh.com.au/business/asic-spikes-35m-share-offer-by-fortis-20120402-1w8ra.html).

Of course it could be anything, speculating doesn't really add much value. I have to admit I didn't even look at the options issue prospectus since getting the options didn't require any action on our part anyway. I'm looking forward to seeing what happens with the options issue once we get going again.