Ann: Settlement of ASIC civil proceedings, page-45

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11/08/22

21:15

Post #: 63066934
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Originally posted by ClockworkSmurf: ↑

Because the Board represent the company & failed as a team.
They did it under the company name.
Therefore the company name needs the mark against it to help inform ppl to be cautious when thinking of getting involved/investing in the company.

I get what you’re saying 100% but it’s just how it is- even though I think each Director should be clearly named in any prosecution to ascertain the level of culpability as well as the company.

The shareholders may have benefited from this failing if it hadn’t been uncovered. They are in effect ‘in company’ with those that committed the breach/es.

I’d say it’s getting boring being right.. but it ain’t.
Their presentations just didn’t add up.

ASIC agrees with that view & now even the Board does so I guess the ‘No they didn’t! You just don’t understand!’ posts will go silent now with no contrition of any kind & it will now be a game of ‘that’s over- we only think about the future!’

None of that will change how the company is perceived by the market and those who could fund it.
This is a big black mark that won’t go away for many years to come.

$500,000 down the tubes! By direct debit or via higher insurance costs moving forward. Anyone else see a 4.5-6 cent CR on the horizon which might drag the SP down to 2-3 cents?

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must say this is a great out come compared to the one you forecast of it dragging out for months and years and costing the company any off take as"it'll all be over by the time this is resolved" my my my for somone with the attitude "I get it so right all the time"how could you get it so wrong so many times....and with the Ann for the Ann meeting my oh my a little more reading an not so much jumping the gun to your own forecast of I already know the answer hmmmmmmm maybe you DONT but just pretend by posting a hole lot of crap off the top of your head and hope plays out like you want mmmm,,,chat tomorrow crystal ball lol

AUZ Price at posting: 8.0¢ Sentiment: None Disclosure: Held
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