The report appears to rely upon a number of inferences and draws unverified conclusions that, in the Company’s opinion, are inconsistent with public disclosures made by the Company on the ASX platform.
The report further asserts that the performance rights issued to the vendor iSignthis Ltd (BVI), under the terms of the prospectus were met by only $1347. This is factually incorrect, as revenue includes interest and R&D grant. The relevant revenue figures were total annual audited Revenue as at 30 June 2018 was $6,338,969 and the audited revenue to the six-month half to June was $5,512,057.
ISX Price at posting:
$1.10 Sentiment: Hold Disclosure: Held
