it can be a disaster if the couple separate as good luck retriving assets from the wife. I'd rather deal with ASIC ir ASIO.
The liability within the company is not infinite and generally doesn't go beyond the scope if the comoany unless guarabyees are provided. Hence, unlike in private companies, where capital borrowed is against collateral the stock market basically enables capital to be raised is generally not against any personal guarantees. So whilst JB could be regulated from being a director, one coumd sue to gain company assets. However going after indiviuals is very tough. Clear path to the fraud has to be shown. Is JB a con man? I dunno. Is he incompetent ?
Appears so. was he negligent? i dunno. Was he not prepared ir ignorant? possibly. The point it there is plenty of grey.
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