ASIC pursued Twiggy Forest over announcements FMG made to the market a few years ago about secured construction contracts, which ASIC alleged were false and misleading, but their charges were proven to be baseless. Since ASIC were so keen to pursue Forest then, they most certainly ought to pursue these directors with much greater vigour, and IMO would have a much greater chance of success. This is a shameful mess, and the directors ought to be held to account with their feet to the fire.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
