It's wretched for shareholders - and the unpaid workers at the mine.
disallowed/business/companies/asic-liquidator-push-turns-up-the-heat-on-diamond-joe-gutnick-20190514-p51n9z.html
I wonder how Joe Gutnick will justify that loan of shareholders' money to AXIS?
What happens if the Federal Court finds that somebody has breached a director's duties? It's not a slap on the wrist.
"Establishing that a director has breached his duties can cause serious consequences to the director. Some consequences of breaching director’s duties include:Criminal sanctions that could include imprisonment for anti-competitive conduct, acting in bad faith or dishonestly"
https://www.bosslawyers.com.au/directors-duties/
I have a sneaky feeling that I would be rather in my own shoes than in Joe's.
- Forums
- ASX - By Stock
- MED
- ASIC moves to appoint liquidator
ASIC moves to appoint liquidator, page-5
-
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MED (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online