A google search excerpt.. what a research effort!
The following is from the prospectus:
![https://hotcopper.com.au/data/attachments/1422/1422266-cab78abd11f2ec3a59186df33f0a0ba8.jpg](https://hotcopper.com.au/data/attachments/1422/1422266-cab78abd11f2ec3a59186df33f0a0ba8.jpg)
Hmm.. our lead manager is ASIC Licensed as an Australian Financial Services Representative. Interesting - ASIC warn you against dealing with Empire Capital Partners and then license what I assume to be a subsidiary?
Let's put the
real effort into interpreting this.
![https://hotcopper.com.au/data/attachments/1422/1422268-9ea17900d4f591e87704feda1630d027.jpg](https://hotcopper.com.au/data/attachments/1422/1422268-9ea17900d4f591e87704feda1630d027.jpg)
How about Occam's razor?
The head office was overseas and found that ASIC wanted it to be accountable directly with an Australian director/base, rather than overseas. Empire Capital Partners incorporates Empire Equity Ltd to comply. ASIC provides AFSR license following compliance.
The reason the company 'could' be involved with a scam according to this listing? It's not licensed in Australia.
Maybe the use of overseas email addresses causes this warning - explained simply by the fact overseas offices assist in operations & have correspondence that doesn't end in .com.au, therefore causing people to assume that it is purely an overseas entity.
![https://hotcopper.com.au/data/attachments/1422/1422274-a05fe10bb1d716d0bd0c3c3588aee351.jpg](https://hotcopper.com.au/data/attachments/1422/1422274-a05fe10bb1d716d0bd0c3c3588aee351.jpg)
Legal entity for our purposes is Empire Equity Ltd. The license-holder.