ASIC couldn't show insider selling because there were offshore nominee companies and a veil of secrecy. The selling was obviously informed, it came throughout the time in which Day repeatedly asserted there were boom profits coming. ASIC showed its impotency. Any impartial observer would see the ASC action is 2002 as a flagrant breach of corporate governance. The current directors oversaw this fiasco and they still draw directors fees, including the mysterious Swiss German Hans Moser. How many directors meetings has he attended? Yet still he puts his hand out for his directors fees. Thanks for coming. Malcolm Day was at best guilty of gross incompetency, he made the forecasts, he is (still) the CEO, the buck stops with him, no? And he is still there weaving his magic. Oh boy you sure are the forgiving type mack but the leopard never changes his spots.
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