Ann: Response to Query, page-22

It is the ASX's job to request a response to the fall in price. It is not their job to investigate whether the company is truthful or not. The company provided an answer and it is accepted at face value.

There is a huge disconnect between what a regulator can do and what I think you expect of them.

The reality of this situation is that the company has said they are trying to refi. The market's assessment is that this is extremely unlikely and the most probably outcome is insolvency. Nothing more to it than that.

It sucks to lose money. Just learn the lessons the loses teach. If people think managment is poor, and have had those thoughts for months or longer, they should ask themselves why they didn't sell.