I just can’t believe that the ASX allows the scam of a company...

I just can’t believe that the ASX allows the scam of a company to keep going if you can’t pay debts and your bills, and you have to keep issuing free shares to pay your bills to keep your head above water, shouldn’t this be called broke because they can’t pay their debts isn’t that called Insolvency.
It seems to me that the government bodies that are supposed to keep these companies in line and legal have dropped the ball with CLZ It seems to me that the government bodies that are supposed to keep these companies in line and legally be able to trade have dropped the ball with CLZ or is it that they just don’t care about shareholders or is it that they just don’t care