Why is this dog not euthanased?

I am stunned that we are waiting for a report that will  ostensibly purport to state retrospectively that this is a going concern. 
What is / can the ASX / ASICs do in regards to forcing the board to comply or get out of existence.
Surely this exemplifies how toothless those organizations are.
This is death by a thousand strokes or classic Chinese water torture (the latter is probably more appropriate given the board composition)


As usual the sentiment should have:: WTF