In reference to a few disparate comments on many different ISX posts from ISX posters' today.
Re ASIC's investigation. ASIC's investigation MAY/COULD BE be looking into the identities of the trading parties/cohorts and/or individuals who were short selling ISX after the 10-Sept 2019 OM report release and up until ASX suspension 2 Oct 2019.
ASIC's trading data for short selling (minus the disclaimer - ASIC's disclaimer is very interesting re dependency on others for accurate data/reporting advice - view ASIC's website for more information and/or verification) -
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I am hoping the suspension is lifted soon and prior to a trial into other matters being heard/continued etc.
The self-confessed and self-proclaimed short sold ISX sellers' are causing reputational damage if you view some of their posts on HC and twitter. Most 9EC media journalists have published free online articles damaging ISX since 12 Sept 2019. View google and social media to verify.
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Further to this, there are possibly now many genuine 'buy/held' ISX shareholders - retail investors and e.g. ISX employees - who may need to access their equity in their ISX shareholding given the financial pressures caused by the CVD19 outbreak. For example, many people have had adult children moving back into their households. CVD19 is affecting all areas of our lives and only a few areas of enterprise and endeavour are surviving and surviving financially.
____ A brilliant effort from ISX to date. I can't believe there are those who are trying to
(1) denigrate/downgrade the results while ignoring the impacts of not only the ASX suspension (which has been causing reputational damage to ISX and concerned at least one key client/merchant)
but also
(2) ignore the impacts of decreased volumes of national and international transactions due to CVD19 on national and international merchant transactions in March.
From today's ISX quarterly report - good to see this stated --- "Processing to merchants across the Visa network was also suspended for parts of March pending response to Visa re queries on ASX “investigation”, concerns re “derogatory media” and the focus on high risk merchants."
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There won't be many companies on the ASX posting good reports for the Jan-March quarter.
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ISX has despite the constraints placed on them.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
