Does anyone know what the process is when a company gets caught lying to shareholders? >>>>> they get a black elephant stamp on their MXC folder then put back in the filing cabinet under “C” – Crooked Criminals
will Wade Baggott from the ASX, Launch an investigation? Go through previous announcements?
Put them on a list? >>>>>>>>>>>>> ask him! Here’s his email [email protected]
Do they get fined? >>>>>>>>>>>> any fines are deemed to be ‘donations’ to ASX to help keep the lights on. As with ALL global regulatory fines / penalties, they are symbolic ‘ticket clips’ where the fines are token gestures compared to the criminal gains. Hardly an incentive to go cold turkey and go ‘clean’!
or is it more of a "hey guys, we'd appreciate if you don't lie from now on " . >>>>>>>>>> “………. yeah! Sure thing Wade. By the way, the guys are having a product sampling night, as part of the Non-Deal Road show. Want to come and have some fun….. it should be a real hoot!
MXC Price at posting:
48.0¢ Sentiment: Sell Disclosure: Not Held
