Ann: Response to ASX Query Letter, page-32

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HoganHound

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22/11/19

16:56

Post #: 41584136
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Originally posted by Misschow: ↑

Hi Shane. ISX enquiries are about funds transferred between phoenix companies and accountability. I feel for ISX shareholders but they are in a spot of bother. AB1 enquiries are about their subsidiary company reporting. There is a big difference.

From my experience with companies that have subsidiary companies in other jurisdictions, normally the parent company puts 1 staff member in the subsidiary office that reports to the parent company accountant. They normally send monthly financial reports and normally sit in on management meetings. I believe that this is just growing pains and can be easily fixed.

I don't think anybody can now say that AB1 is secretive and withholding information. Geez, there is a lot of info to digest and it is now in the public domain.

I posted before about AB1 breaking new ground and setting a precedent regarding financial reporting of cryptocurrency and tokens. This still has more to play out but we are heading in the right direction. I didn't think it was this complex to sort out.

Anyway, I think that this is good news and gives some clarity on our current predicament. I say take your time and sort this out properly. I am happy to be here and I know I will be more happy next year and many more years to come.

xxxooo

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the whole whodunnit thing between isx asx and asic is telling as to how things can operate between all the parties

agree that this is to be read positively but am very curious what else is missing? should queries not be published first? shareholders should know.

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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Ann: Response to ASX Query Letter, page-32

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