Noob questions re: delisting, page-19

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jkim78

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12/08/20

09:55

Post #: 46474230
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Originally posted by hilldweller: ↑

Suspend a stock in order to see who sold shares, that is plain stupidity and if true way over the top action by the ASX and they should have to pay even more in compensation.

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No. Suspend to prevent them from being traded. Fully appropriate action given the concerns. How both parties handled the aftermath is not appropriate.

Originally posted by Druss: ↑

Mate what you are saying could be true but if it is then why didn't the ASX accept the offer of escrow from the start?
And before you answer with because of the conditions that ISX management wanted with the escrow lets assume that both sides are adults. ASX could have said from the start we accept the escrow only on unconditional grounds until all investigations are complete. If ISX refused that then I'm sure ASX would have loved to announce that to the market.
We have been given orders to do to achieve relisting and I believe we have done the last four. But yet again they want more. Do you really believe they will let us trade if the performance shares are held in escrow?
There is something going on that we are not privy to but hopefully the justice system brings this all out.

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Why are you making assumptions that have already proven to be incorrect? Both sides have proven they are children so why are you assuming otherwise?

ISX Price at posting: $1.07 Sentiment: Sell Disclosure: Held
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Noob questions re: delisting, page-19

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