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29/07/24
07:36
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Originally posted by LongNWrong
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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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Morning @LongNWrong
Yeh you'd be right if the charges asic suceeded on were actually meaningful and had depth.
Seeing they mean next to zero in the scheme of things, isx's percentages obviously need adjusting up and asic's further down.
As far as the jugement results causing problems for the companies future, the score ASIC 0% on that front.
Thanks for bringing that lapse in reality to my attention. I did give asic to much undeserved credit. Cheers
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