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Why is Miggster banned in Australia?, page-3

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Immetoday

5,049 Posts.

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07/12/20

13:03

Post #: 49391932
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Originally posted by hades86: ↑

This is all in my opinion, but I believe it's to keep their books and business activities away from any Australian regulatory body like the ATO and ASIC while EM1's stock is based here.

They've created a way where every inquiry goes through EM1 where one or plural board members relay these questions to Crowd1/TIM etc which maintains a separation from our regulators who need to rely on information to be disseminated to them in this sort of way.

But the second they start doing direct business here there's a lot of forms, processes and procedures that need to be filed which will create and maintain an audit trail which regulators can use.

This of course is just my humble opinion based on what information is available.

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Interesting thoughts..... could it be one of the reasons they felt comfortable partnering with a company that has been banned in numerous countries and investigated in others?

Maybe due diligence wasn't such a big issue for them because they weren't all that concerned?

...or maybe they were happy to partner with a company that themselves probably have a few hidden skeletons that they are hiding (from what I'm reading)

EM1 Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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