Letter to Shareholders : ASX Directions, page-44

So a judge has stated the SOR contains inaccuracies and also that "The statement of reasons can, if necessary, be formally retracted, revised, qualified or explained.".

What company or anyone for that matter in the same boat as ISX would not be proceeding with their case given the clear view the court has on the document. The company needs to proceed to clear their name now that the document has been released it has far more to do with limiting reputational damage than greed which has to be "in the best interest of shareholders".