Can you fill me in?, page-2

Very quickly, POS self-reported a statutory reporting failure that resulted in this suspension from trading back in late-March. It failed to issue cleansing notices (per Corporations Act) relating to various capital raisings over recent years (40 failures!). It needed to apply to the Federal Court to seek its blessing/forgiveness for these failures, in order to be reinstated to an active trading status on the ASX. First hearing was on Friday. The Justice adjourned the matter, ordering that ASIC gets involved, which just complicated matters!

You can start with these links:
https://hotcopper.com.au/threads/market-update.4186906/page-115?post_id=33617431#.WxyjJLhyQeA

https://hotcopper.com.au/threads/market-update.4186906/page-82?post_id=33607375#.WxyjS7hyQeA

https://hotcopper.com.au/threads/market-update.4186906/page-109?post_id=33615721#.WxyjJLhyQeA
(of lesser benefit as an overview, but has some insights you might not be familiar with)

https://hotcopper.com.au/threads/an...157263/page-103?post_id=33053083#.WxymfbhyQeA
(in case you are wondering about Pershing*)

From there, I suggest you trawl back through past posts to in-fill any gaps. It's all there. It only requires your time.

(*Although the arrangement with Pershing is not directly the subject of our current problems, there has been banter here on HC that it might not withstand deeper scrutiny, which could create its own set of additional problems. In general terms I don't think it will, but that will depend on the precise nature of the agreement it was with POS, which has not been made public.)