lets up the ante with a no vote, page-16

I am more interested in shareholder class actions against the management (refer Slater & Gordon BBP action). Many of us bought into this entity when it was trading at significant discount to recognised NTA. The NTA at the time (as reflected in the last 2 years of financial statements) was a reflection of entity value and the ability of those assets to generate economic benefit into the future. Management and auditors must have known that the NTA they were signing off on were unsupported by future cash flows or were based on assumptions that were massively optimistic and/or unsubstantiated, yet it is now evident that they resisted on impairing their assets to the full extent over the past 2 years, leaving us shareholders with materially misstated financial statements upon which to base our investment decisions and a feeling that the entity would recover. This appears to me to be a case of misleading and deceptive conduct, breac of directors duties, auditor negligence, and breach of ASX continuous disclosure provisions. How can ASIC not be pursuing these guys?