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20.0¢ firefinch limited

Ann: Shareholder Update, page-73

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30/06/23

13:23

Post #: 68554512
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Originally posted by suds100: ↑

I, along with many other shareholders, have written to ASIC and covered this and other questionable behaviour.

The response I received was:-
Misconduct allegation
We have conducted preliminary inquiries into the concerns raised regarding the Directors and the Company and at this stage we are not satisfied there is sufficient evidence of systemic misconduct to supportASICtaking regulatory action in the public interest.
Please note,ASICrecords all reports of misconduct in its confidential internal database with a view to collecting intelligence to supportASIC's broader regulatory responsibilities. The information and comments you have provided about the conduct of the Directors and the Company have been noted and may assistASICin the event we receive similar reports in the future.
Please note,ASIC's decision not to pursue your concerns further does not preclude you from pursuing any rights that may be available to you. You may wish to seek your own advice about these matters.
Thank you for taking the time to bring this toASIC’s attention. How much more information do they require to take action?

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a lot of significance in the word "systemic" there, a word open to intepretation.

insufficient evidential basis or lack of funding and pressure?

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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