DIRECTORS NEED TO BE HELD TO ACCOUNT

HAVE POSTED THIS ON ANOTHER THREAD BUT i FEEL A NEW THREAD IS WARRANTED

Have spoken to Australian Securities & Investments Commission this morning re:
1. Failure to have an independent valuation/ expert report of the company

2.Treatment of Performance rights

Outcome:They are required to provide an expert report

https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-111-content-of-expert-reports/

It provides guidance on the content of an expert report and how an expert can help security holders make informed decisions about transactions.

Download RG 111 (PDF 229 KB)

2. We are entitled to lodge a complaint regarding the behaviour of the directors

Please fill out the form on the following link if you feel we have been treated poorly by the directors and that they are acting in their own self interest

.https://asic.gov.au/about-asic/contact-us/how-to-complain/report-misconduct-to-asic/

Perhaps if enough people do something we may get a fair deal and a suitable punishment for the directors