Yes, agree with zero, you can't start action until you have actually lost money and it is starting to look like PDY may be in suspension for a long time. However, according to ASIC's website you may get them to prosecute the directors in the meantime for breach of duty. If that is successful you could then take that to the courts for compensation I feel.
This is from their website:
"What happens to dishonest directors?
Every year, the courts send dishonest and reckless company officers to prison, and impose heavy fines and award damages.
As the company watchdog, we investigate corporate crime. You can report dishonest company directors to us. We may take a number of steps against directors who fail in their duties."
I know ASIC is basically a toothless tiger but if they can prosecute a couple of kids over fake anns then they have a case here as well.
"A 16-year-old girl has been referred to the Australian Securities and Investments Commission for emailing out a fake press release on behalf of gas drilling company Metgasco, The Age reports."
"The prank follows the Whitehaven Coal hoax in January last year. NSW anti-coal activist Jonathan Moylan has been charged over allegedly sending out a false press release on behalf of the company, which claimed the ANZ Bank had withdrawn a loan to the open-cut coal mine worth more than $1 billion. The fake release temporarily wiped $314 million from Whitehaven Coal’s share value."
