who is to blame for this debacle? asic? asx?

How on earth did this one ever get listed?

Am going to have a little look at it but unless I am mistaken Michael Kirwan who was originally from Lands Kirwan Tong was behind it, I am sure he was at the presentation I went to promoting the IPO. I think he is banned now by ASIC.

Francis Galbally was also on the board originally from what I can see, what happened there and where is he now?

Will do a little googling and see but what a disgrace, Listing Price was $1.00, now down around 6 cents after a placement at 5 cents, I suppose that is a 20% jump from its lows!