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Can you please post the update from the ASX to you, I think the...

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Oldtimer46

4,193 Posts.

184

05/08/20

21:19

Post #: 46331611
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Originally posted by prasadhasan: ↑

Hi All,
I would like to inform you all, I have received an update from ASX regarding my complaint and suspicion against this company on 24th July. I am quite relieved my suspicions were very valid and were of help to ASX. I also enquired about the appointment of the Australian director and other financial details and compliance, although it is still under investigation. Let the truth come out. ASX has been very thankful to me for providing information about suspicious activity. And I am very thankful to ASX for their prompt actions and thorough investigation. It is a long letter I have received I do not know it is the right thing to post it here. I am very happy with their actions.

I want to tell all retail investors earnestly who follow this company, I have no intentions to discourage or disappoint investors. Some people even questioned and ridiculed and even consoled me if I had experienced any losses due to trading in this stock. That was not at all my point. I have only traded once in this company that is enough to realize how incredible this company is. I took an interest to correct such a company that deliberately float all compliance issues and create a danger to many innocent and gullible retail investors. Although many company do some manipulation in the market, we all know, and we all take responsibility for profit and losses. However, this company is amazing and ingenious. After a lot of personal investigation, I have complained to ASX, Although I spoke to ASIC earlier I did not write a letter to ASIC even though they have requested, Just to give this company a fair chance to mend their wrongdoing. but I wrote my letter to ASX on 24th when this company announced a trading halt, at that time, my intention was to stop this company from announcing another suspicious but enticing announcement to lure investors without any genuine development within the company. I am happy that ASX has taken the right action. At this time I did not go to the extent to write to ASIC, although in all possibilities it may go to ASIC. It is quite evident from the outlook, this company lacks credibility on various parameters.

Hope this should be a warning lesson to any company that deliberately float rules and cos financial harm to thousands of retailers.

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Can you please post the update from the ASX to you, I think the ASX should give all shareholders any update.

ESE Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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