Linden , sounds logical , but indications are it's being...

Linden , sounds logical , but indications are it's being wound down now . I have seen this many times, where they are just suspended from trading. Not paying listing fees was the standard reason. Then the company just takes the phone off the hook & everyone is referred to the receiver.
The spec market is a bit like playing Grand Theft Auto. The crims know they got almost no chance of getting caught by the regulator for ripping of a couple off , in this instance, hundred million dollars . That is, what's lost on and off market .
Usually it's a market crash that ceals the fate of the specs , and the shareholders don't bat a eyelid, they just write it off and it becomes a taxation department problem . That's the main reason the funds try to stay away from them.
With this lot it was almost like they had immunity from prosecution.
Don't blame yourselves , this was the most sophisticated 'take down' i have seen in 40 years trading . I was not up on all the shinanigans of Fairstar-i found out about that later.
We all know who is behind this.
When an insider takes another insider to court, that's a very stong , red flag .
What is so upsetting here , concerns the detailed questionaire that was sent to the company by C&SC (Perth) and CLZ's reply , which was indeed a damming inditement . It was like a little bird finger flip to the regulator.
If it barks like a dog , and looks like one, it usually is a dog.
You can put it down to being an aberation , or choose to avoid specs like the plague - . That is those dependant on share holder money for survival. This one didn't even spent shareholders money on what they did the raise for . The mafia have more ethics than this lot .