ASIC are a toothless tiger they wont do anything. Besides,...

ASIC are a toothless tiger they wont do anything. Besides, companies do this all the time and are not made accountable. The rules are there to protect those at the top, its the nature of the capitalist society we live in. Yes the company was not truthful with the financial situation but the writing was on the wall ie idle vessels, no work, high overheads, as shareholders u cant just take their word, gotta do your own investigating sometimes

I'm sorry to all those that lost money (me included) but dont get sucked in by their crappy presentation. they also have the gall to threaten us if the capital is not raised. Robin King means well but those other clowns are still there, now they want to add TWO MORE clowns? I say stuff them and let this dog die. Im sorry Ive had a few beers and am ranting a bit here but STUFF THEM. only the strong should survive. not these leeches