Good summary on class actions, thanks. On the points regarding what it takes for ASIC and ASX to get involved, both most certainly should be here:
AFR: Investigator raises alarm over Salt Lake Potash collapse
"The company that wanted to blaze a trail for a new potash industry in Australia may have traded insolvent for two weeks and withheld important information from investors when raising funds, according to a report into the collapse of Salt Lake Potash.
The findings were made by special purpose administrator Dermott McVeigh, who added that his investigations into Salt Lake Potash were “hindered” by a lack of co-operation by most directors of the failed company."
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