Sydney Morning Herald Article, page-7

This decision (or lack there of) continues to pave the way for unscrupulous (and unsophisticated) Directors to purvey their scams on the ASX.

There are other listed companies who should be on their way to court or have charges laid for ignoring or flouting ASX laws. It seems the best the ASX and ASIC is capable of doing is to put them on notice or suspend trading - HDY, TKF, HML, VIC, WFE plus a host of others.

HDY (with Zig's mate Robin Armstrong) has used the same MO. They have been asked to supply board meeting notes so the ASX can verify communications. Their answer - we don't have any.

These excuses of zero documentation, not recording communications is being used as an excuse time and time again ...... and the regulators are accepting it!!!

There should be zero tolerance for breaking listing rules. They are written to ensure integrity and a standard that everyone has visibility of. LWP Directors used excuses from blaming family members for not completing registration documentation to suggesting imaginary staff members for inflating share placements.

If the ASX (and ASIC) want companies to comply then make an example, set the standard. But it's now obvious, there is no standard - lack of documentation is an excuse, hand-balling blame is acceptable and being unavailable for questioning is defensible.