It does appear that management have just owned up to part of the recent story over their latest issuance. That maybe because it was mainly the ASX asking the questions under the listing rules and as they are suspended and heading to delisting, they have not been proper with their answers.
ASIC is a different story. Corporations law carries criminal breaches and there's plenty of info now heading their way.
This AGM was the starting bell and now ASIC is watching all previous share issuance and option exercise will eventually be inspected. The 3B on 16/07/2017 is my personal favourite. Kinda makes the outcome of tomorrow's AGM irrelevant but we will take a strike and another general meeting before 30 November, that the company had to agree to..
PDF Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held