I couldn’t have said it better myself bungalowbill, to me ASIC...

I couldn’t have said it better myself bungalowbill, to me ASIC HAVE completely dropped the ball with this company, how was this company/business allowed to trade with no money.
Its like any old business offering cheques to pay for things, but ask you not to cash that cheque in straight away because there’s not enough cash there at this moment for you to get your money, but in this case I see shares being offered but you can’t cash those shares in straight away because there is no money, no one wants to buy them. Sounds like a dodgy loophole to me.
How does ASIC allow this to happen it sounds like trading insolvent no matter what way I look at it, maybe I’m just looking at it too simply or maybe I’m just a common tradey that is thinking things to logically, I know one thing it would never pass the pub test.
I will probably get censored for this post but it seems to me that it is a big con that has been allowed to be got away with by people who should be overseeing these sort of things.