Well I am shocked by the Asic statement.
I have not had time to read or consider the 700+ paragraphs, 200+ pages in the judgement.
However, considering the context,The ability of Asic to provide a comprehensive summary of the judgement and their approach to subsequent actions within 3-4 hours is absolutely incredible.
- the time (1+ years from memory) between ISX being suspended and Asic commencing court proceedings;
- Multi year court hearings,
- around 1 year for the court judgment to be delivered
- 700+ paragraphs and 200+ pages of judgement
- delivered after 4 pm on a Friday afternoon
If only Asic put the same amount of effort into protecting investors as they put into protecting their own reputation we would be much better off.
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