Amen.Wise words hotwolf and prescient words.

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borrks

3,345 Posts.

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22/12/18

18:03

Post #: 36945211
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Originally posted by hotwolf: ↑

I first entered this assuming it was a simple shell and Jimmyeyebrows rants against the Darbys wwas just emotional baggage but I now see the value in his passion. I've never encountered the like of the Darby siblings but I'm more annoyed with ASIC and the ASX so the rest of my rant will focus on them.

When will they get it right? Our legislation is so anemic that one simply has to check the boxes of technical compliance to remain unpunished and worse still- remain a fit a proper person to hold directorship in the eyes of the law. There is zero consequence for failure if you have the votes.!

Predatory Directors easily ply themselves with never ending streams of free stock and build an unassailable voting blocks to keep their position. The publics money is then under total and complete control of individuals who would otherwise have no hope of employment in the private sector when their resumes glow with nothing but the wreckage of multiple disasters.

ASICs requirements to remain a fit and competent person for listed public monies is so easily gamed that it is constantly gamed - especially in the micro caps!

Just build the votes, skirt non compliance (thanks to a never ending supply of friendly warnings) and there is no tool or law available to remove them from a board despite it being in the best interest of shareholders. ONLY the votes matter! Its the ultimate expression of predatory capitalism and we should tear it down root and all!

It's a pity this vibrant community of shareholders cant use the hashtag facility in Hotcopper to expand our conversations because some conversations are desperately needed.

#AFR
#ASX
#ASIC
#Australianparliament
#WhereMyMoneyAt?

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Amen.
Wise words hotwolf and prescient words.

CDB Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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