So to summarise your conclusions applying your rules of natural justice, you reasonably find the probative evidence indicates GW may have erred in not selling when his rights vested and the company may have dissimilated putting out dosage sales during these sequelae events inter alia. Then you also postulate a delay, potentially allegedly unreasonable under ASIC continuous disclosure obligations, by SRX in releasing dosage growth slower than practicable.
ASIC now will under the English common law principles of Administrative Law applicable in Australia put these questions to GW under laws of natural justice and request detailed factual responses not the facile responses currently disseminating from SRX's Messrs Smith and Duthy. I note with consternation that Chairman Hill appears more absent than ever at this time perhaps gravamen "being weighed down" by recent SRX events.
Companies usually do well after such instances if Boards are replenished, governance standards and executives' responsibilities improved see Air New Zealand after Davie and later after Fyfe, National Australia Bank limited after Kamay and Macquarie Bank Limited after Hannes. Two of these companies are now leading retail and investment banks respectively in Australia and one is one of the World's (and NZ's only) leading airline. All have SPs far in excess, all from 3 to 5x their capital adjusted SPs prior to loss of governance, risk and compliance.
It augurs well in either or case for SRX as if SRX can be as successful in governance as AIZ, NAB and MQG were, SRX's shares will be comparatively cinqtuple (multiply by five times) what they r now and this means SRX will ascend from $15.55 to $76 IMHO but pls DYOR.
A $76 SP for SRX is now on the cards should the ASIC be able to justice under the laws of natural justice to SRX in these circumstances.
Cafa and I have been debating the SRX and GW's governance, risk and compliance (or lack thereof) for more than six months but in truth neither of us thought it would end up like this hearing each other's side "audi alteram partem".
(20min delay)