Crikey I'm so damned impressed with the quality of posts on this thread, especially of course from @ChillingOut and @BOSKA noted with great thanks. I also note the absence of @itzgr82balive from this debate since the AGM Ann. His/her opinion is also very important to me although I suppose that itzgr8 has other matters to attend to.
Its a pity that @NashaNasha and others on the pro-delisting side haven't seen fit to provide adequate information and somewhat unfortunate that management have yet to comment on this matter of such great significance.
The contrast is very telling and for me, as a quite inexperienced holder, leaves questions as to the value and uncertainty of their plans which have not been adequately explained.
As such my reservations have been confirmed and I'm now committed to say that until I read views and explanations of plans for such delisting from JK and BoD I will hold a negative view of delisting and will vote against both Res. 6 and 7.
As one who has no experience of o/s trading, I appreciate the information that CO and others have provided. I don't think this is an easy road that Nasha has hinted at (as N hasn't provided any information, I can't say more than hinted) and the costs for me may be more than it is worth. As such the thought of delisting now threatens rather than beckons and I see now substantiated benefits in delisting, and no substantiated benefits in listing elsewhere...
IMO, at this stage, we must: 1. stay the course of dealing with ASX suspension 2. await JK and BoD opinions on delisting 3. await JK and BoD clear plans wrt delisting and listing on another exchange 4. recognise that ASX may not allow delisting and if they do allow may impose significant restraint upon holders and the Co. 5. delisting may also involve worsening reputational damage 6. delisting may damage the ability of the Co. to list elsewhere 7. delisting will make it much more difficult for holders to obtain a realisable advantage in the value of shares 8. lastly, delisting may also impact on the judgement of the court and the potential for any damages claim made by ISX against ASX.
No plan means to me that the way ahead of delisting is fraught with costs and difficulties for both iSX and holders. Too many unknowns makes my vote inevitably negative. Until there is much more information and plans I won't be changing my position.
I continue to hold strong confidence in JK and the BoD, but their silence is deafening and very suggestive that they may be inclined to delist but recognise that without a plan the vote may be difficult to be in favour of delisting. Hence I consider the BoD is not confident of the outcome.
My deepest gratitude to all who have made contributions to the discussion. GLTAH. Scott.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
