Argument that ISX directors’ motive for earning the shares in 2018 were in the shareholder’s best interest., page-95

Post #: 58434954 And I would say @naomhan, you seem to struggle this:

So you look at:
You: - Did they generate growth? No Me: Yes, some directly and possibly others. Could they have expected it to generate more? Possibly.
You: - Were the contracts in line with normal industry practice? No Me: Many companies outsource if they don't have the staff or the technical ability at that time to do it. This IS normal industry practice. I have contracted to big companies that have had almost all contract staff (Commonwealth Bank, Telstra, Vodafone etc..) for various projects. How is this different. I know for sure at least one that was attempting to meet targets that involved bonuses. Yes
- You: Is there a realistic path between these contracts and future growth? Perhaps. I'd say unlikely, you'd say possible. Relates to one. I say yes.
- You: Were ISX's standard internal processes followed on these contracts? No - we have some unusual information about the CEO dictating invoicing, which doesn't appear to be normal for ISX. Me: And you know this is unusual how? I often dictated how accounts were handled in my company and I would suggest that many start-up companies would also.
- You: Was this directly influenced by the CEO? Yes. Me: So what? It was an important target. How is this relevant? This is what CEO's of small start-ups do! Actually, this IS what all CEO's do. It is their role.
- You: Were there any other unusual circumstances surrounding these? Yes - there are significant irregularities in the timing of revenue. This ranges from the CEO directly involved in invoicing, to the certificates of practical completion being made and dated by ISX and signed by people not related to the customers, to the fact that for work "completed" by 30 June, there were still 2 or 3 invoices issued by contractors for ongoing work completed over the next 3 months. Me: So you say, and so ASX says. Since ASIC is not challenging the earning of the performance shares, I imagine they feel this argument would be difficult to maintain. I am willing to bet that ISX has reasons for everything and these reasons meet accounting standards.

Just because we do not agree, does not mean that one of us does not understand. However, what I do not understand is how you can be so emotional about all of this when the 15000 shares you are holding are not really out of pocket - they were purchased on excess profits. I have friends that were riding the ISX bounce and are in the green regarding ISX and they aren't emotional about it nor are they posting excessively on HC. What is really your issue? If you are trying to find someone to blame, try ASX. As you folks are frequently saying, something smells here.