Re "ISX will have sweet FA profits coming in to keep up the fight in the courts ." No, that is covered off by:
After the demerger, the key components of ISX's balance sheet would become:
ASSETS
• A$6.6 million convertible note in ISXFEU
• 100% shareholding in ISX Financial Pty Ltd, a proposed applicant for various
Australian business regulatory approvals (APRA, RBA)
• Legal claim against ASX for damages for misleading and deceptive conduct1
• Cash of approximately A$4.3 million2
LIABILITIES
• Immaterial
Importantly, ISX will have sufficient cash to pursue its Federal Court litigation against ASX,
which it will continue to do with vigour.
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