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No penalty was recommended against Padbury, with ASIC submitting shareholders should not be further penalised.
With the support of ASIC, Mr Stokes asked the court for a variation to the banning orders to allow him to continue to run his self-managed superannuation fund. Justice Antony Siopis reserved his judgment
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I wonder if Gary does a better job managing his self-managed superannuation fund that he has done, thus far at Padbury. If I was Gary I wouldn't trust myself to manage it.
PDY Price at posting:
0.7¢ Sentiment: None Disclosure: Held