conversion or default, page-45

The problem is that since the ASX 'sold the farm' (listed and handballed policing to ASIC) the industry knows that is essentially a sector that is self regulated (or unregulated a better assessment imo).

ASIC rarely has the appetite, let alone the resources, to investigate little stories like CTL so the directors - and those who control the directors - have a virtual free rein to behave and act as they see fit....

ASIC wants big name 'wins'....they need to compete for funding too.

To digress, again, the silence from the company re the AGM is deafening.....

To my way of thinking, the Gandel loan 'default' scenario becomes more likely by the day....

And noting a quarterly report is (theoretically) due in 9 days.