Originally posted by ura_bull
This thread is crazy - there's no evidence of fraud as yet (as far as I can see) just the ASX doing due diligence looking into something that looks suss.
Even if they find some irregularities why do people think it's their business to destroy shareholder wealth? VIC still has cash and assets. IF there was wrongdoing from management then that doesn't necessarily mean the ASX is going to kill the listing... administrators or a new board is more likely surely?
I grant you one probably correct comment "(as far as I can see)".
VIC has not got a lot of cash left really when you consider how much they chew through per quarter. Their level of management leaves a lot to be desired to say the least when they go into purchasing something with limited due diligence done. In my opinion it is not posters on HC that have destroyed shareholder wealth it is the amount of flip flops that management have done on what they want to present as being the "IT" prospect of the moment.
If ASX and ASIC do a thorough job and not just some window dressing making out that they are being tough and diligent then the results could be very revealing. in my opinion
