You bring out an interesting question of technically what happens to existing shareholders with a listed company barred from trading by ASIC. I can only go from logic that most companies that files reports late are usually due to bad numbers and rarely bad accounting paperwork to reconcile the details. In this case I suspect the financials are not painting solvency issue or else why is it so difficult to publish the details. If you toss in Landau's meddling it gets even more intriguing and opens up even more speculations whether any details of the accounting paints him in an even poorer light with his ongoing legal court case. All my own speculations....
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