Yes Twins 92 I can tell you our family and health have certainly been severely affected by this fiasco as no doubt have many other retirees
When an ASX listed company can publish and disseminate a PDS stating that they have a transparent and open methodology of selecting assets with a balance portfolio to reduce risks without including a massive underlying debt and margin call their is something diabolically wrong with the system
I have written a letter to the ASX under the rules of continuous disclosure Clause 3.1 Chapter 6CA Section 674(2) asking if such action contravenes the provisions of the Corporations Act namely if the information was generally available it would have a material effect on the price or value of the entity”..
Their appears to have been a systemic culture in the company starting from King and even extending to White who is now bankrupt to load every conceivable entity with the Maximum possible debt levels
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
