Hopefully it does not come to this as confidence in the public markets in Australia is already 'thin on the ground'.
Recent ASIC civil action as a case study..
"The company breached its continuous disclosure obligations by failing to disclose ............ the identity of the funding providers. ASIC further alleges that the company was in breach by failing to disclose the identity of the funding providers together with the fact that it had not independently verified the capacity of those providers to provide the funds."
http://asic.gov.au/about-asic/media...ion-against-padbury-mining-and-two-directors/
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Ann: Letter re Suspension, page-34
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