ISX Board Presentation, page-50

The advantages of the demerger are significant, in my opinion. ISXFEU is the profitable 100% owned entity of ISX but is constrained by the fact that ISX is in suspension. When it is a separate entity, I believe that ISXFEU will more easily gain customers, become even more profitable, will trade on a mainstream exchange, and thus will provide people who want to access their funds the ability to do just that. Yes, I am putting my trust in the directors of ISX, but given that none of them have yet sold their shares, I have no reason to believe that they will not do what is best for shareholders.

Although I don't give it a high chance of happening, once the ASX and ASIC debacle is over and we have won in the courts there is no reason for it not to merge again. At any rate, I think that we will have the best of both worlds with the demerger.

For me it comes down to: do I trust in the management and the directors of ISX? I do and I have voted accordingly.