What will it take for ASIC to lift a bloody finger? The wording...

What will it take for ASIC to lift a bloody finger? The wording of the announcement is "cute". But under our insider trading laws, it doesn't matter whether the offer was in writing, verbally communicated or an expression of interest or anything on that continuum, the CEO was privilege to inside information about a potential forthcoming bid. It is inexcusable for an executive, let alone the CEO and board member of a publicly listed company to trade in those circumstances.

Where is ASIC? Hello, is anyone home?

According to the Federal Court of Australia website, it seems the Doyle brothers have been let off their $18M insider trading scheme. ASIC has inexplicably withdrawn the case against Ross Doyle as can be seen from the Comcourts website (https://www.comcourts.gov.au/pas/file/Federal/P/NSD601/2021/actions).

I guess ASIC hopes that no one is watching and this all just fizzles away.

You can only wonder whether the class action firms have a legitimate case to join ASIC as a defendant in their action against Nuix. How interesting it would be to read the transcripts of the section 19 interviews (indeed, one wonders how many people they actually bothered to speak to).

Mr Longo, this isn't very hard. Do you job.