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ASIC Commences Proceedings Against ISX and JK, page-582

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retiredyoung

8,751 Posts.

782

10/12/20

16:15

Post #: 49489387
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Originally posted by Rodeoshow: ↑

I agree very tough to prove......contracts produced a net profit (albeit small), they were at arms length, contracts produced $800k of revenue in 2019, impossible to show ISX didn’t learn integration skills. I’m not in your camp on JK keeping these shares though. I feel at some point in the ASIC case he might get offered a negotiated out involving those shares and if he does I hope he takes it. Let’s not forget ASIC regulate the clearing and settlement space with RBA and NSX want to play there.

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I expect and hope that ISX delist from the ASX before the ASIC case starts.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Held
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0 Great analysis

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