ASIC on the ball with this crowd ,,,,,From the cash received...

ASIC on the ball with this crowd ,,,,,From the cash received from the last share placement the directors used well over $100000 to pay off credit card debts for which they would have been personally liable had the company gone into liquidation with the debt owing and unpaid . ASIC have picked up on this and are asking the current receivers if they consider the massive payment to Amerian Express to be a preference payment to a creditor and will American Express be sued to return these funds or will directors be sued for re-imbursement .Fortunately there is one ASIC investigator who has it in for this mob and says he will get them one way or other