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Ann: Release of correspondence by ASX with ISX, page-87

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aniesbaswedan

6,681 Posts.

1545

17/06/20

12:46

Post #: 45273814
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Originally posted by gicco: ↑

Funy how 99% of posters saying just give the asx the info blah blah blah are non holders. I dont want my voting info given to anyone but isx, period. Thats my right yeh.

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Originally posted by itzgr82balive: ↑

Important facts:
1. JK has said ISX is happy to provide the information to ASIC if they require it,
2. Shareholders are NOT happy with JK sending on letters to ASX - at least I am not. Blocking out my name, my company name, my hin, and my signature would not satisfy ASX as suggested by a poster above. ASX wants the names of all of us.
3. ISX does not trust ASX with confidential information. ASX has promised to provide ASIC the name of the ASX individuals who are leaking information to one of our dear HC posters - real name known. ASX has not done this as promised yet and ISX intends to pursue this externally (in court? disclosure?).
4. Obviously, ASX does not trust ISX and ISX does not trust ASX. ASX has other avenues to find out if the requisition is valid - for example, asking for verification from ASIC or from the auditor. It is obvious this is still another power play.
5. The vote is just to give ISX the discretion in persuing voluntary delisting and the JK states in the letter that ISX would not do this until after the court case. This is an important point. I believe the vote is just to point out that shareholders are in favour of allowing ISX that choice. Therefore, I will vote yes on this resolution since it is a great way to show our trust, confidence, and support for the directors of ISX.
6. ASX is abusing their power and this will be shown to be so. I am personally very happy for JK stands up for ISX's rights. If companies allow ASX to have no limit to their power, companies will surely be in deep trouble. I think that the court case will be a day of reconning for ASX with a result that ASX's powers will become better and more tightly defined.

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Originally posted by Rodeoshow: ↑

Not saying ISX might not be wrong, but the ASX releasing parts of the correspondence is starting to annoy me. Give everyone full disclosure, warts and all, on everything that is happening.

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Originally posted by mags001: ↑

With all the BS around the OM report, shortsellers, BOTS, algorithmic trading and we get pulled because the ASX want names. Priorities ASX, do you want a fair market or the current state of play

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Originally posted by Systematic28: ↑

Original post moderated

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Originally posted by Transvenosis: ↑

Just to confirm to all the NON HOLDERS making a lot of noise.Some of us shareholders do correspond with management and they are always willing to discuss issues.We are NOT in the dark as some might say.We have to deal with ASX and non holders digging holes .That road that ISX is building will be ready later for others to use.Cheers

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@Safauroa

I find it funny that people are still discussing the finer points and play politics. ISX's management, board and related people on the higher ups own the overwhelming majority of the shares on issue. So they have all the votes. Regardless of what you think if it turns out that it was ISX that instigated the resolution then you all have absolutely no say in the matter. ISX's management, board, etc would get their massive pay rises and discretion to delist anytime they want. There is no choice for you all here...literally no power. In my view, the ASX is trying to figure if it was really holders or ISX themselves who instigated the resolution. The ASX is trying to keep you holders informed and yet here you are refusing to know. If you don't want to know then fine but ISX would delist and payrises would happen regardless. If those are not the things that you want to happen them tough luck. The game is done and good game to all.

Last edited by aniesbaswedan: 17/06/20

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
6 Upvote

2 Great analysis

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