ISX only made a small amount of gross profit from the contracts that generated approximately $3m in revenue, therefore they do not appear to have overcharged.
Trying to gain customers is what I would expect from a start-up. If these contracts helped them gain new customers that seems OK. If the $3m was refunded by someone then that is not OK. There has been no evidence that the payments were refunded so far.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Held
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