Here is an ASIC case that has some similarities to Merlin, if you look at the dates it relates to 2014-16 and is only now in court.
The wheel turns but very slowly!
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-201mr-continental-coal-directors-and-company-secretary-charged-with-breaches-of-directors-duties-and-making-false-and-misleading-statements/
