case adjourned ---latest, page-179

I agree. The Directors may be inexperienced but anyone would realize that it is a publicly listed company and common sense will tell you that you can't be issuing shares to a director as payment for 'advice' thru his company (ECP?). If this is truly what has happened the shares or the proceeds from the shares need to be returned and the Directors involved need to be removed. Asx and Asic will apply Corporations Act and that's it. Also, if this is really what has happened it's not the sort of news release that the Directors would even consider acknowledging let alone releasing as news.