MED 0.00% 0.6¢ merlin diamonds limited

I agree ASX / ASIC certainly have some questions to answer in...

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    I agree ASX / ASIC certainly have some questions to answer in all of this. Certainly there has been a window of trading where according to ASIC themselves MED shouldn't have been trading.

    "ASIC considers that the Merlin board is comprised of directors who have either been knowingly involved in uncommercial related party transactions or failed to exercise their duties to prevent those transactions from occurring." Has been occurring in plain sight for many years and nobody bothered to even question it or mildly investigate from regulatory bodies.

    This isn't limited to MED either, a few other Gutnick listed companies have been known to carry out these questionable intercompany loan arrangements for a decade.

    As I said a casino is more regulated & safer place to shuffle cash than the current ASX sham!
    Last edited by kpt3891: 20/09/19
 
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Currently unlisted public company.

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