ISX Financial, page-2133

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Mariner985

62 Posts.

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28/07/24

21:30

Post #: 74953227
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Originally posted by LongNWrong: ↑

Except that a 30% loss to ASIC is a 30% loss from a clean sheet. Sure ASIC themselves would have wanted to win more but to a neutral outsider ISX is now a company with a successful action taken against them by a national regulator.

Put it this way... what will the high flying European fund manager investing in a "premium" exchange say to himself (or herself) on listing?

"Holy shit the regulator brought actions against this company. No thanks! Next!"

or...

" well they beat ASIC on the important charges, it must be all good."

If you answer anything but the former you are deluded.

So maybe ISX only lost 30% but that leaves them sitting at -30%, not a good place to be.

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Your expectation of the level of due diligence by an investor comes from the market operators due diligence playbook, which is, let’s not put any effort in and let’s not obtain facts. Contrary to your opinion, I think investors will be lining up overseas to
invest in ISX.

SP1 Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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0 Great analysis

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ISX Financial, page-2133

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