twiggy decision - give me a break, page-38

Soho,

I do agree with your comments. There has to be some rules otherwise it would become a free for all out there where most of the small investors would always be at the mercy of the greedy and the big end of town.

I am sure that ASIC is trying very hard, with their limited resources, to administer the rules, hence why IMO, they seem to always force the issue towards the biggest companies while the smaller once seems to fly under the radar more times than not.

Unfortunatley though they are trying to enforce rules from a Company Act that is written in a way that it is full of holes and that it seems to favour the Directors of companies.

If you care to remember what happened in the first place by way of a Court judgement against the Directors of the company about the asbestos case, which now it seem that it has been reversed under appeal, you'd know what I mean. Too many loopholes within the Act, and the smart ones know that full well and make use of it to their best advantage.

After all, who writes the rules in those books.? Lawyers of course. And if they were to make it water tight, we wouldn't have to make use of their services any longer, would we.!!

Buddy