So I received a letter back from asic. Part of It reads:
you have raised a number of concerns including a delay in releasing an updated JORC statement and realising fair value for your Realm shares.
ASIC values the information we receive from the public, and reports of misconduct such as yours assist us in working to build confidence in the integrity of the capital markets.
ASIC has conducted an assessment into the issues that you have raised. After careful consideration, we have determined that we will not take further action on the issues that you have raised.
We have recorded the information you have provided on our confidential intelligence database.
In selecting matters for regulatory action, we consider a range of factors, including whether the misconduct report suggests any breaches of the law we administer, whether we have sufficient grounds to suspect that a breach has occurred, and whether regulatory intervention would benefit the broader community beyond the affected individuals.
If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC’s website at www.asic.gov.au.
So there you have it, not sure what to say after that. Little bit dissapointed to say the least, how can we have a fair valuation without the latest data.
RRP Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
