Ann: Response to ASX Query Letter, page-8

Pretty difficult to draw any meaningful conclusions from this set of questions and answers.

The one thing I would note is the ASX is checking the veracity of the payments ISX received. They are doing this by going as far as dissecting their bank statements.

The ASX has stated the bank statements are hard to reconcile, so has requested the remittance advice sent by clients. ISX was never given any. Certainly that is odd. It's also odd that an Auditor wouldn't have requested or checked this. The only explanation you could give for this, is ISX's clients sent money with no explanation for what it was. Almost like a retail client sends money for a bill.

Not sure what I think about that one.