YFZ does not pass the smell test. The IPO was a shambles to say...

YFZ does not pass the smell test.

The IPO was a shambles to say the least. Earnings miss from the get go and now a takeover scheme - supported and endorsed by the board responsible for the IPO - just 7 months ago.

The independents expert's report (required as part of the scheme) will make interesting reading contrasted again the 7 month old prospectus.

If ever there's a time for ASIC to examine a company from cradle to grave, that time is now.