asic intervention, page-8

As you say you're young JR . The world of public companies isn't black and white and even if you had an army of QC's lined up getting straight answers and making regulations stick when you're dealing with a bunch of very savvy and well advised spivs is nigh on impossible . Even if you do nail them it takes a few years .

I suspect that ASIC is more concerned about the image of public companies and don't give a toss about shareholders as far as I can tell .They;'re business is to promote investing and you're not doing that very well if you start charging company directors with being crooked.

The trick is that when you recognise that you're involved with someone a bit smelly get the hell out of there .The only person that protects you in the sharemarket is you