good ol' ASIC. late to the party and now protecting current and...

good ol' ASIC. late to the party and now protecting current and future holders. Ha ha as if IMO. Well it was supposed to be doing that all the time - that is it's job along with the ASX and auditors along with the board overseeing company management and protecting shareholders interests . So what action are they taking against the parties involved last year and the year before?? Sweet stuff all is the usual form. Anyone smell a class action and actually get anything from insurers or just watch money bleed away?