Its not a matter of being dumb....he thought that he was smarter than anyone else.
If ASIC is smart they would now audit all OKAP companies and look for money movements covering liabilities.
Pete will loose his investment properties next week. That should put icing on the cake. Personal debts have been called in. NKP is yet to be investigated. Watch that space.
CCC Price at posting:
0.1¢ Sentiment: None Disclosure: Held