I've started an online petition to encourage ASIC to take action.
the issue :Australian companies (RES) who own assets overseas (such as a mine in Africa). Where the overseas holding company goes into administration, the assets get sold off under the jurisdiction of the overseas administrators. Thus the asset can be sold locally at heavy discount to an independent valuation, leaving the Aussie shareholders with nothing.This type of practice should be of concern to all Aussie shareholders and investors. Please consider supporting this online petition which can be accessed at this link.
https://chng.it/TT5vpNH9
RES Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held
