Ann: Half Year Accounts, page-38

And the demerger is the latest example. Its laughably transparent what is trying to be achieved by the demerger.

Doing the math of what ISX might spend on legal fees, we are talking about ASX and ASIC costs likely to exceed 5m so far... when this all finishes the costs order could srnd the company to the wall. Though the plan is to have ISX a mere shell by then...