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Complaints to ASIC, page-3

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MrKeb

1,078 Posts.

317

27/03/23

15:02

Post #: 66977977
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Originally posted by MrKeb: ↑

I am writing to lodge a formal complaint about ASX.NWE's board of directors' failure to keep shareholders informed.
As a shareholder of ASX.NWE, I have become increasingly concerned about the lack of transparency and communication from the company's board of directors.
Despite repeated attempts to obtain information from the company, I have been consistently met with silence or vague responses. This has made it impossible for me, as a shareholder, to make informed decisions about my investment in the company.

I have reason to believe that the board of directors has not fulfilled their obligations under the Corporations Act 2001, which requires directors to act in the best interests of the company and its shareholders.
I am requesting that ASIC investigate this matter and take appropriate action to ensure that ASX.NWE's board of directors fulfils their legal obligations to shareholders. Specifically, I would like ASIC to:
Require the board of directors to provide a clear and comprehensive explanation for the lack of communication with shareholders.
Consider imposing penalties or sanctions on the board of directors if they are found to have breached their obligations under the Corporations Act 2001.
I have attempted to obtain information from the company, but have been met with silence or vague responses.
I believe that the lack of communication from the board of directors related to the current takeover attempt by ASX.MIN.

Expand

ASIC really don't want you to complain.
Here are a few answers to questions they'll pose to scuttle your complaint:
Details of your report? : Choose
"Shares and Markets" from their options
about?: An Organisation
ABN?: 95 090 665 544
ACN?: 078 301 505
Address? 30 Richardson st west Perth 6005
Phone?: +61 89227 3240
P.O.Box?: 1264 WA 6827

Doesn't this make you more determined to be heard?
Let's know any more hoops you've managed to jump through in order to be heard.

Originally posted by MrKeb: ↑

I am writing to lodge a formal complaint about ASX.NWE's board of directors' failure to keep shareholders informed.
As a shareholder of ASX.NWE, I have become increasingly concerned about the lack of transparency and communication from the company's board of directors.
Despite repeated attempts to obtain information from the company, I have been consistently met with silence or vague responses. This has made it impossible for me, as a shareholder, to make informed decisions about my investment in the company.

I have reason to believe that the board of directors has not fulfilled their obligations under the Corporations Act 2001, which requires directors to act in the best interests of the company and its shareholders.
I am requesting that ASIC investigate this matter and take appropriate action to ensure that ASX.NWE's board of directors fulfils their legal obligations to shareholders. Specifically, I would like ASIC to:
Require the board of directors to provide a clear and comprehensive explanation for the lack of communication with shareholders.
Consider imposing penalties or sanctions on the board of directors if they are found to have breached their obligations under the Corporations Act 2001.
I have attempted to obtain information from the company, but have been met with silence or vague responses.
I believe that the lack of communication from the board of directors related to the current takeover attempt by ASX.MIN.

Expand
NWE Price at posting: 5.8¢ Sentiment: Hold Disclosure: Held
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