Australia's largest stock trading and investment forum Australia's #1 stock forum

MED

Click for more information

0.00%

0.6¢ merlin diamonds limited

He walked straight back in as Executive chairman, who was going...

First 34 Last

Share
Profile

Follow
Cridz

975 Posts.

246

20/09/19

16:59

Post #: 40500409
Share

Originally posted by kpt3891: ↑

Judgement is out, Provisional Liquidation.
https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2019/2019fca1546

A lot of questions but how on earth was Gutnick allowed to be appointed Director again given his bankruptcy. Why did ASIC/ASX not protect shareholders from this in the first instance and act when the loan was originally disclosed? All parties have blood on their hands, and whilst shareholders are responsible for their own actions in buying, the ASX once again shows that a casino is a more regulated and safer place to park cash.

Surely a class action to go after the directors will be going ahead and and/or the pure lack of regulation by ASX/ASIC until it was way too late. I hope they have good directors indemnity insurance because this would be an easy case to win.

Expand

He walked straight back in as Executive chairman, who was going to stop him?
From some of the comments from the secretary Peter Lee it would appear that he may have been in charge the whole time through his bankruptcy.

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 87 more messages in this thread...

First 34 Last

Add MED (ASX) to my watchlist