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ISX vs ASX, page-1403

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tradealot

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16/02/22

12:10

Post #: 59607074
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Originally posted by JoeGambler ↑

How do you reconcile the 2.9m in cash left with ISXAU funding a trial against ASX? It has to also fund its trial against ASIC and its general costs like paying the board? The company also faces material fines in the ASIC case. There isn't even a trial date etc set down for the ASX case.

Even on its current cash burn ISX will have about 1m left in the 3rd quarter to fund its admin costs and the ASX trial, plus any additional ASIC costs?

Where is ISX going to get the money from, ISXEU? Does ISX actually intend to "fight" ASX in court, and if so why are the financial resources left behind such a dubious amount for that purpose?

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Hi Joe

Based on more than 70% of the $462 million damages claim against the ASX is by ISXFEU & Probanx.

And that ISX has a legal cost sharing agreements in place with ISXFEU.

I would have a guess that ISXFEU will be picking up the majority of the legal expenses.

ISX financials are fine.

Cheers

https://www.isignthis.com/demerger

From the demerger prospectus

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ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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