There is now an important question for current shareholders? Is...

There is now an important question for current shareholders?

Is this private placement a legitimate placement? As the company Ironbark-vest Pty Ltd is too new to qualify for a private placement under the Corporations Regulations, specifically as a sophisticated or professional investor. Is Paul Morrell a certified sophisticated investor as determined by an independent and unrelated accounting practice? The chances are neither are applicable nor legitimate and as a result the placement of shares could be cancelled and payment of $5m returned to its original owners.

Any shareholder of AHF feel like flicking the regulators (ASX and ASIC) a note via the complaints webpage of this wee oversight.

Up to you lot as its your company.