Ann: ASX Update on Suspension, page-296

Do the posters suggesting that the price might rise above $1.07 on any relisting in the short term know that LHC Capital (the largest Fund holding ISX) have written the value of their 8% holding in ISX down to 5.1c per share? LHC are not 'all knowing' - but I'd suggest their valuation is closer to the mark than $1.07.

Now, LHC Capital presumably did this taking account of the 300m performance shares (ie. LHC did it's valuation on the basis that the performance shares were validly issued) - so if the recipients of those shares completely renounce them (as opposed to just escrowing them for a period), it would reduce the number of shares on issue and boost net assets/share. But nothing is going to get the share price to anywhere near $1.07 (unless ISX surprises everyone and books solid, recurring, audited quarterly revenue > AUD50m).

Not posting to make anyone feel bad - just trying to inject a bit of reality. (That said - I know the majority of SH know exactly where they stand and don't need that. But some seem to be completely disconnected from reality).