Be a shame if they are written off too, its over $130mill in...

Be a shame if they are written off too, its over $130mill in losses they carry.

Amazing what this co and the brokers behind it have appeard to have gotten away with, sickening is probably a better term.

ASX ASIC Auditors Accountants Brokerage houses are laughable, so many think in this day and age these outfits are competent, professional and regulated but few know how poor the actual systems and protection of investors actually is.

I was badly caught up in this one, the brokerage house involved used my funds to purchase notes instead of shares that they originally offered.
I was then told the notes would be converted to shares and pay interest which never happened so I was effectively locked into AKW with no way out.

I ran a case with FOS but none of the ASX rules apply because notes arent classified as an ASX instrument but a debt instrument, its unbeleivable that none of the rules apply because the brokerage firm purchased an incorrect product.

I have another FOS case going and will be looking at running another against the brokerage house who put me into this and have been in discussions with a legal firm which I am awaiting to hear back from. I am trying to get together a group for a class action against pretty much everyone involved.

I spoke to someone from the co 6 months back who informed me the only person left was the ceo who was away on a yacht in the bahamas and the other directors had been jailed for stealing company funds. The ASX will do absolutely nothing about it. I have emails from them that are just cut and paste garbage.
FOS is funded by brokerage houses so appear to be toothless tigers.

Anyway hope to update when I get some more info.