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06/08/22

16:38

Post #: 62963577
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Originally posted by Advent1969: ↑

Leaving the ranting lunatics aside - heres some analysis.

ISX Financial in its last quarterly reported " Cash and cash equivalents ended the half at €5.5m" or some AUD$8m
SP1 in its last 4C reported "Cash and cash equivalents at $3.1m"

ISXF has strong positive cashflows, and has just launched in the UK. That's $11m between them ad cash piles growing.

There is no doubt that ISXF/SP1 can proceed and meet the Security for Costs, should they seek / wish to. The ASX has claimed costs of $6m to date, and been allowed $2.6m as Security for Costs, or say 43% of their spend rate (roughly legal scale costs). Even if the ASX spends outrageously between now and a court case (which it cant as discovery is done), then ISXF can have its day in court.

Maybe the ASX should be looking to settle this, as the #spitballing evidence will be extremely embarrassing for the ASX, who no longer it seems has ANY exec team member left that can take the stand. Moran, their General Counsel, would almost never take the stand ad waive privilege. Kevvy has gone, Stevens will be gone, Ryan will be gone...whos left?

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good points....then why the hell would you previously say ISX should stop the case. If every exec of a company I was suing had quit or resigned, I would be salivating. They owe it to shareholders to see it through even if the case shows ISX management are in the wrong.

SP1 Price at posting: $1.07 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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Payment, page-53

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