Those of us who have experience in business totally agree with you, and ISX appears to have dotted their i's and crossed their t's, for example by having the customers' training and support paid in advance and not refundable, and by having the customers sign that all consulting (installation/set-up) activities had successfully completed the activities thus ensuring they could be billed/received in the relevant accounting period. ISX would have good internal lawyers and accountants that ensured that they broke no rules.
It looks to me as if the ASX, by the randomness and diversity of their questions, were hoping to find a stray "i" not dotted which could justify the suspension and if not, provide enough implication/insinuation/suggestiveness through their questions to effectively destroy ISX's reputation.
Fortunately we have a quite a few resourceful investors who provide a good counter-balance to all the trash being thrown around.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held