Right or wrong guys this is not new - anyone read anything
Padbury announced this in their "letter of response" to the ASX on the 2/05/2014 see quote from letter below
"Padbury is concerned by the matters raised by ASX in its 30 April 2014 letter. Padbury will implement an external law firm review of its corporate governance policies and ASX disclosure and listing rule compliance processes, and a training and assessment program for Padbury's officers and staff. The objective will be to ensure Padbury fully complies with its obligations under the ASX listing rules and sets a high standard in corporate governance. Padbury will initiate this work within the next week and complete it within 3 months."
PDY Price at posting:
0.4¢ Sentiment: LT Buy Disclosure: Held