You're spot on NZ.ASIC (from the dealings that I've had) are a...

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ThePig

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16/05/24

10:28

Post #: 73851677
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Originally posted by NZ Trader: ↑

I know many believe ASIC is a Toothless Dog but I believe they may be looking at this Steini .

From my brief interactions with ASIC it seems it's a collective of issues and complaints that draws their eye.

Generally they dont make a move on a single complaint but when the file starts to thicken they look to go on "If there's smoke, there's fire" and when you have enquiries with a common denominator PH and ASX Biotechs getting played ,,, maybe just maybe there might be a couple of hard questions thrown CHM's way..

A breakdown of the Trial Costs required...... Operating Expenditure ,,,, etc required ..... NZT

Where are the Results from Previous and ongoing trials,,where are the market updates??

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You're spot on NZ.

ASIC (from the dealings that I've had) are a bunch of toothless tigers indeed!

Even when I've presented them with evidence of breaches of the Corporations Act (well in my opinion!!) together with Case Law's relevant to the breaches, they just file it for intelligence purposes. So as you say, if the pile starts to build they dust off the previous reports and have a closer look.

To make matters more frustrating, they do not provide complainants with any feedback or notification whether they investigate it or not and if they do they do not provide any outcome.

CHM Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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