ASIC Commences Proceedings Against ISX and JK, page-258

I read points 20 and 21 as merely circumstantial and they dont prove anything.

courts will tell us if any of the income from these 3 was illegal

In any case those funds received by isx from the 3 contracts have been used by the company to help establish what is now a profitable business, which pre short report went from 20 cents to well over $1, so to say there hasnt been any value created for shareholders from these contracts is well an interesting take. Also the learnings/IP isx would have gained from going through the process for these contracts.