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clock Created with Sketch. 12/10/17
12:19
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Originally posted by theqwertman
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The ASX are worried that they allow the company to raise money on the back of someting that is put to shareholders, only to see the product banned in Australia.So the purpose of the raising is false, so they are trying to protect the public, as is their duty.
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yes fair assumption however an authority cannot protect against something which does not exist, i.e. to say there are no restrictions currently covering this form of business as it is currently being promoted or operated. the ASX has a bigger responsibility in governing existing laws, rules and regulations.
