##""How do we ascertain from ASIC if they are trading whilst insolvent or are the financial statements the only factor that ASIC /ASX depend upon to assess this? ""##
Papamancur, the Auditors would have a fair idea of what went on. But they are keeping silent.
As for ASIC, well mate, your guess is as good as mine at what they will do next. Thus far though, history of what they have been doing for years and years with companies, don't look very promising at all.
Bloody hopeless is not the word. There are other words that we could call them but I feel sure that HC wouldn't be happy to read them.
All in all, I am sure that they could teach Nero a trick or two.
