ASX Incompetent?, page-32

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Takearisk1975

160 Posts.

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26/11/19

13:48

Post #: 41637684
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Originally posted by Green Hornet: ↑

Well hottie got a reply already and yep I was correct.
Pack of foold and looks like starts from the top.
Email below.

Dear Mr Hxxxxxxxx
Thank you for your email.
The response you received to your earlier complaints on 22 November applies equally to this one.
As we pointed out in that response: ASX is very aware of the negative impact that the suspension of an entity’s securities can have on the holders of those securities and therefore will only do so in situations where it believes there is clear justification. ...
ASX exercises this power sparingly, but will not hesitate to do so where called for, in fulfilment of its obligations as a licensed operator of a financial market. …
While ASX understands ISX shareholders’ frustrations, it does not consider it appropriate to provide further details about its enquiries except as and when ISX provides responses that are suitable for release to the market, because to do so could raise a number of legal issues and prejudice the integrity of the investigation.
Regards
Kevin Lewis

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In other words the ASX are still trying hard to find something wrong and cannot think of a decent reason why ISX is suspended!
Meanwhile Westpac is free to trade and do what the hell it likes.........Where is the justice and equal treatment in this?
ASX are scared of the Big 4 banks and only go after the small fry.....ASX are nothing but School yard bullies who need investigating themselfs!
imo DYOR.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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