If everything checks out then obviously everything is fine. My understanding suggests, however, that the ASX and probably ASIC both have presumably reasonable doubts that the 3.5 million was real. So much so that the ASX decided to suspend ISX's shares from trading having based their decision on consultation with ASIC. So to speculate then, what if the 3.5 million or whatever amount was not actually real? From what I can see, ASIC has already asked ISX to produce certain books and the ASX has asked for all contracts, invoices, remittances and bank statements. We will have to wait for the outcome.
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