CHH , ex biologic report to ASIC

  1. 5,505 Posts.
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    thanks folks for replies to earlier post . following is em
    ail to ' scam ' section of ASIC

    ...'following could be described as a 'scam '

    company gets federal minister on the board . said minister jumps ship , taking his free options with him ! !

    company gets suspended , then consolidates shares , changes name and directors and keeps paying them from our seed money for over three yrs , but refuses to answer queries from shareholders as to progress towards relisting.

    ASIC informed , but is also incapable simply answering a straightforward query as to what responsibilities it has to ensure directors respond to reasonable enquiries !

    the ' gull' ( read gallah ) award for this surely wd go to ASIC !
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