MERLIN DIAMONDS LIMITED (ASX:MED) - Ann: Responses to ASX Queries, 36399219, page-70 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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Larkin

1,021 Posts.

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06/11/18

07:15

Post #: 36399219
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Originally posted by jefferies2 ↑

I don't know about the courts, but ASIC is certainly familiar with the Gutnick setup.

https://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=reasons_for_decisions/2016/018.htm

Have a search for 'ASIC' in this document and particularly look at sections 154/155.

Section 154b rings a bell in the light of current events: "Regals and Mordechai Gutnick provided incomplete responses to certain questions and some information was only made known to the Panel as a result of ASIC's use of its compulsory information gathering powers."

I have a feeling that if ASX were to flick the current problems over to ASIC, for the use of their compulsory powers, then the response of ASIC would be Gawd - not them again.

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Last edited by Larkin: 06/11/18

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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