For interest only I had a quick squiz at the determination.
2nd paragraph of determination refers to section 713-6
"Section 713(6) of the Corporations Act 2001(Cth) ("Corporations Act") provides that ASIC may determine that a Company may not rely on this section to use a short-form prospectus in new capital raising activities, if ASIC is satisfied that the company has contravened provisions under Chapter 2M - Financial Reports and Audits of the Corporations Act in the previous 12 months."
FYI - I had a look at 708AA(3) and 708A(2) but IMO without going into depth with CVI (having never held) its a little complicated - Raks et al may be able to square away that bit.
My only motivation for posting is I don't like much what has happened to some here.
Sentiment - leave well alone and skitch em
CVI Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
