corporations act

Tuart

I agree in the main with your arguments if it could be proven that their was an institution ready and willing to inject funds into the PIF rather than the fireselling os assets that we now have and that CS and JH deliberately misled investors or broke then corporation act we would have a solid case


Much as i would like to present a case to ASIC on the grounds you have given i know from previous experience that you have to provide solid evidence otherwise you will not get them to shift an inch from their comfort zone ,

In my own situation i invested 13 days after they breached the RBOS covenant and revealed the massive 184 million debt so you would think that their is a clear case for failure to disclose under the provision of the Corporation Act however i am still not overly confidant that i will be able to get them off their beuracratic backsides