You keep rabbiting on, @ChillingOut, about how balanced your posts are - as if saying it over and over will convince your audience. In my opinion, there is no narrative that is more dishonest and unbalanced than yours, and your repeated dialogue of what ISXFEU owes its shareholders is pure garbage. What ISXFEU directors owe their shareholders "plain and simple" is to provide us with the return that was taken from us by ASX and ASIC when they conspired to suspend SP1(ISX) on suspicions while operating beyond ASX's powers, spitballing, and asking very visible, insinuating, damaging questions in an open and visible forum which appeared to be designed to destroy SP1.
I do vehemently agree that ASX, ASIC, and the ATO are not going away, but, in my opinion, none of these entities want to see the ISX vs ASX case see the light of day because it will be too damaging to ASX. These entities have all power with which to continue to do damage to SH future returns - if ISXFEU continues with the court case, ISX vs ASX. The court arguments raised by ASX - that their costs were reasonable considering they were defending the ASX's good (?) name is an approach that is not going away with ASX stating they have accrued $6m costs with a possible $9m in the future. The fact that the ATO is attempting to find bogus tax issues with SP1 is also clearly a fact that supports that ATO is not going away. ISXFEU is still basically a startup in its infancy. It does not have unlimited funds at its disposal like the banks, CBA, Westpac, or NAB has and it could be lethal to think it does.
No one more than I would love to see ASX end up in the court since that is the only forum that can induce the change that is needed within ASX (other than an ICAC inquiry). ASX should not be allowed to ever do this to another company. I am a realist and, as the great Kenny Rogers sang, "You got to know when to hold em and know when to fold em" and I believe that if the directors of SP1 choose to "fold em", it will do it because it is best for ISXFEU shareholders. To continue with the court case may be just plain folly and may possibly bleed ISXFEU and related entities of its ability to expand into new regions with the court case folding due to some other ASX/ATO damaging strategy.
You showed your true colours when you dishonestly attempted, to discredit a report I gave on Karantzis's tax court case by using facts that just plain did not exist in the court case at all. Post #:57354304, Post #:57725097, Post #:57735719. Up until then, your "balanced" reporting focussed on giving "advice" about how the law worked - generally put forward in an instructive, arrogant, "I know better than you all" manner designed to discourage discussion rather than encourage it.
It is time for you to stop the false narrative and just go away.
SP1 Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
