Great idea - but a complete waste of time going to ASX. They are...

Great idea - but a complete waste of time going to ASX. They are themselves a private company with no real power or interest in getting tough with listed entities who are effectively their customers or clients. That is why ASIC took almost all of their regulatory enforcement powers off them a few years ago.

All ASX-Compliance are legally allowed to do in situations like this, is cease-trade a company and then they are obliged to dash over to give a breathless report to the real corporate cops at ASIC for them to take action.

Of course, AYN are already cease-traded, so what's the point? Better to go straight to the real regulators at ASIC. Here is the link to the appropriate form:

https://www.edge.asic.gov.au/008/complaintV007?get/complaintDetails/t=e1b5edb0519353da8d7393922219f4e7ea6ad4

The folks at ASIC actually have real power to do something about this situation; unlike ASX-Compliance. I will have my form in this afternoon. OZ