How do you know the business has been audited? I recently asked...

How do you know the business has been audited?

I recently asked the ASX to audit another company that had gone through a similar rorting of shareholders and they responded with a 'we don't see anything wrong here'

The bottom line with all of this 'irrevocable' finance is that even if they did investigate it, what would they need to prove it was false when the company just says it fell through?

It is plain as day that these 'agreements' were not real in hindsight but hindsight is a great thing.

If any proper investigation had taken place, they would be found to be trading insolvent and be wound up.