Will Isx ever resume trading or will it be delisted ?, page-21

The way I look at it, the management at ISX has taken all necessary steps to achieve the performance shares milestone albeit the higher risk involved and the nature of business that defers from their business model.

Two major things that we now know which resulted in high revenue spike 6 months to June 2018 for the performance shares milestone.

OT Capital and Co - Would ISX know that they were dealing with a potentially unethical company? I think not as at the time when ISX was providing their services to OTC, they've done their due diligence as layout in the previous reponse and they possess a valid license from ASIC to provide financial services to their customers. Also, looking at the article reporting OTC's wrongdoings, it seem to revolve around ill advise by OTC's staff to their unsophisticated customers, promising short term gains and unrealistic financial gains. Upon ASIC's move to freeze the accounts of OTC in Feb 2018, ISX had also ceased their operations with OTC. Now this unethical activities that OTC had done wouldn't be picked up by ISX as they were providing them a payment service so their job would be to monitor the transactions and flagged anything unusual, not monitoring their day to day activities and how sales were done.

Fcorp, Immo and Nona - Setup and integration of Paydentity into a third party platform for these clients, although unusual and not a common practice, ISX had taken the risk to capitalize on this opportunity. This might not have a major impact on the revenue from these clients upon completion of integration but they are still active clients which could generate some revenue, although minimal, through their paydentity platform and recurrence of setup fee across their customer base.

Now, is it a good look for ISX and it's management? It sure doesn't look good with all the media and articles painting them as a villain of wrongdoing but take a step back and look at the whole scheme of things. The management has definitely be taking on higher risk to obtain the revenue required to meet these target. With those performance shares deadline in near sight, the management might've taken a couple risky moves in order to achieve it but let's be honest, who wouldn't want to achieve those milestone if they were in the management's shoes, provided that it was done ethically.

Have they done anything wrong in the process? I think so far, ASX has only been able to pinpoint on the continuous disclosure requirements that ISX had not been updating the shareholders of these clients drop in revenue.

Would that delist us? I think not unless there was more to be uncovered but looking at how things are going, delisting is out of topic. I would suggest a fine and requirement to continuous disclose any material updates.