ASIC is historically very very slow to take action.
Look at reports from ASIC, they take years in some cases to get around to legal action.
Of course, this is not suggesting any impropriety by Cann Global, nor any cause for ASIC to investigate,
Merely a commentary on how ASIC being mired in governmental bureaucracy is a very slow to do anything in most cases.
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-264mr-asic-obtains-over-700-000-in-penalties-for-financial-reporting-failures/
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-042mr-asic-sues-former-freedom-foods-group-and-its-former-ceo-and-cfo-alleging-disclosure-failures-and-breaches-of-director-and-officer-duties/
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-004mr-australian-mines-fined-450-000-for-breaching-continuous-disclosure-obligations/
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-029mr-federal-court-sanctions-getswift-with-record-continuous-disclosure-penalty/
Ann: Removal from Official List, page-68
-
- There are more pages in this discussion • 101 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)