Objection to AFR reporting on ISX, page-60

It's clear from majority of the articles are biased and painting a villain portrait to the managements of ISX.

From one of the recent articles, it states that ISX may have transact up to $100 million worth of transactions for the merchants under inquiry. That is highly false and only to dramatize it further without carefully understanding how the revenue model works. $1.2mil revenue does not reflect $100 million worth of transaction as their charges are on average 2-3% on each transaction. That would result in a significantly lower transaction worth. Why mention $100 million? Because that blows the viewers expectation out.

And the performance shares, when they keep re-iterating that its worth over $500 million at this years high. Why is that again? Because that further dramatize and paints the management as greedy villains. At the time of issue, it was under 20c, which at that price was worth slightly more than 10% of $500 million. Did the articles mention that? NO, because $500 million creates more drama. Did they mention that the share price went up based on the fundamentals that the company has built with growing revenue quarter on quarter? NO.

Another article refers to "ISX admits GPTV calculation based on estimates", in that article, it only mention that ISX is reporting ESTIMATED GPTV based on merchants sign up process. Did they not read the most recent ASX Query that the GPTV reporting has been changed to ACTUAL TRANSACTING GPTV earlier this year? Nope, no mention of that on the article which further confuses investors who don't actually read through the official announcements from the company.

Not to forget those Rear Window articles.