I would expect the directors would be duty bound to intervene. Just how that is done would involve input from lawyers and an ASIC report. Maybe a whisper from the company to a broker saying something like "we are on to you" may stop the activity without ASIC involvement etc.
Just my opinion on how it might work.
HRZ Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)