Wow now even the ASX is questioning the companies ability to stay listed. Very concerning when the ASX runs the ruler of a company and starts asking questions. Good to see the ASX keeping a close eye on such companies like ISN that have been burning Millions and Millions of dollars for years and havent managed to turn over any significant revenue.
Looks like the ASX is cracking down on companies and directors taking a free ride at shareholders expense.
By the look at the companies response it sounds like they may be struggling to find someone to raise money through.
Interesting to here the words "cornerstone investor though" which was used, just like when they refered to Bergen becoming an "anchor investor".
Will be interesting to see who they manage if anyone to raise money through.
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