ASIC's Chair reply

This is a typical ASIC response, but it may not be too late to get them involved...

Thank you for your email correspondence of 15 September 2022, where you raise concerns as a small shareholder in DCN, about the current off-market takeover bid made by GMD, in particular some of the 'key benefits', for DCN shareholders as outlined in ASX announcements by DCN and GMD, on 5 July 2022.
We apologise for the delay in contacting you in response to your email. Please note that you can submit a report of misconduct to ASIC at : Report misconduct to ASIC | ASIC , by filling out the relevant form, rather than via email.
We note that, as you would be aware from the DCN Target’s Statement dated 29 July 2022, that DCN Directors recommended that shareholders read the statement in full; and to seek independent advice on any queries in respect of the offer; and to seek advice from professional adviser(s) before deciding whether to accept or reject the offer. ASIC values the information we receive from the public, and reports of misconduct such as yours assist us in working to build confidence in the integrity of the capital markets.
ASIC conducts an assessment of every report of misconduct we receive. The issues you have raised will receive careful consideration, and we have recorded them on our internal intelligence database. In selecting matters for regulatory action, we consider a range of factors, including whether the misconduct report suggests any breaches of the law we administer, whether we have sufficient grounds to suspect that a breach has occurred, and whether regulatory intervention would benefit the broader community beyond the affected individuals.
Please see Information Sheet 152 Public comment , which sets out the limited circumstances when we will comment publicly on our activities. These limitations are intended to protect the confidentiality of information reported to ASIC and the integrity of ASIC’s investigation and enforcement activities. For matters involving our market supervision, we are aware that any public comment may affect trading in the market, and we are committed to a fair, orderly, and transparent market.
Accordingly, ASIC does not comment on operational matters, or our assessment of information and we are unable to provide further details about what, if any, action we may or may not take in relation to the concerns you have raised. We hope you can appreciate the reasons why we do not make such comment. If you require any information on our role, or enforcement action taken by ASIC, please visit ASIC’s website at www.asic.gov.au.
You can find general information about investing on the ASIC Moneysmart website at Financial advice - Moneysmart.gov.au . Yours sincerely