Agree on all points the regulators are completely asleep at the wheel and time and time again mum and dad retailers do thier hard earner dough.
BUT
I cannot stress enough,DML has $130m debt, given their dire financial position and the fact that they are in the penny dreadful sector, this should have sounded off MAJOR alarm bells. All the complaints coming in, ASIC and ASX will point out this debt fact, and then go on to say it is normal in the case of business.
BUT
this does not excuse the regulators for not checking announcemnts and financials.
Problem here is, how many times did you guys have a real chance of bailing, especially after the $110m announcemnt yet chose to hold looking for higher prices.
Greed is bad
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