TOP20, page-70

it is a very good question SD. should a regulator be aware of the circumstances of this transaction , and as you suggest it seems incomprehensible that they wouldnt be aware of it given the outrage expressed publicly about it, what are they doing about it ?

it is my understanding that should a regulator even be formally advised of the circumstances of this type by concerned parties , once that advice is received, no response is provided to the reporting entity and there is no follow up avenues available to the concerned parties. the complaint basically falls into a big black hole , so without action through publicly available channels the concerned parties do not even know if their complaint has been actioned or not actioned as the case maybe. this could be a result of lack of man power or finding constraints imposed by bureaucrats who knows?

unfortunately this form of regulation does not provide shareholders much comfort in that process and to the contrary also provides perpetrators with confidence to continue pushing boundaries of legislation designed to protect shareholders from rogue directors allowing this sort of behaviour to normalise through the industry .

so in answer to your question , what then ...... i suppose we simply just wait ........as that is all we can do. .