I find this whole situation a farce. Asic get involved, which was clearly the right move, but what happens to the poor old retailer and his hard earned whilst this stays suspended month on month.
If these companies jump through the necessary hoops to list on the ASX in the first place, why isn’t there some type of indemnity insurance, taken out as a mandatory requirement for listing, to protect holders in situations like this.
People have invested based on what they were told by mgt. If this is seen to be false info, the share holder should always be protected. Blatant manipulation where the retailer suffers.
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