corporations act, page-4

Tuart

Believe me ASIC are more like a toothless Chihuahua mate i have been their before

We do not presume that they will actually instigate legal action on our behalf however we believe that as the Government body that formulates and administers Corporate law that they are obliged to make a ruling on either positive or negative in this matter

Given that many people placed funds after December 31st

Can an ASX listed Company keep the fact that it has Breached a Bank Covenant on such a massive debt a CLOSELY GAURDED SECRET from an investor under the ASX rules of continuous disclosure Clause 3.1 Chapter 6CA Section 674(2) and if such action contravenes the provisions of the Corporations Act NAMELY IF THE INFORMATION WAS GENERALLY AVAILABLE IT WOULD HAVE A MATERIAL EFFECT ON THE PRICE OR VALUE OF THE ENTITY”..