IMHOThe spotlight is on ASIC at the moment and if they do...

IMHO

The spotlight is on ASIC at the moment and if they do nothing and let the trio (Rogers, Gandel and Grey) get away with taking over the assets of a public company which has been obviously planned from day one, without any objections, I am sure that the Melbourne press will pick it up. This will highlight ASIC's inability or unwillingness to stop corruption and the trio can get their names all over the business section of the newspapers. We have an election coming up and the Haynes report is to be released soon and even though it was not covered in the Royal Commission if ASIC do nothing it will disgust the public and highlight how the Corporations Act is useless as when the laws are breached nothing is done.

I know how I feel when I read about crooks ripping off investors. Greed and dishonesty was the description used by the Commissioner and it is a fitting description here when discussing CTL

It will also remind the public of the dangers of investing in shares listed on the ASX as the Australian Government by ignoring abuses actually encourages the cowboys to rip off their shareholders.

However hopefully ASIC are just assembling their evidence and any day now we should receive a good announcement