Wirecard scandal, page-15

@vjojojose1

Oh wirecard is not comparable to ISX? Lets have a look shall we?

Here is from financial times:

https://www.ft.com/content/19c6be2a-ee67-11e9-bfa4-b25f11f42901:



So fintech company? Check.

Induction into a prestigious index? Check.

Favourite among investors? Fomo, rabid retail investors? Check.

Even wirecard's business fundamental is more or less very similar to ISX:



So then what was the initial suspicion?



Financial times was the first who raised the suspicion as a third party. Isn't it a bit like the report released by ownership matters, don't you think? Look at the quote from the article below:



The article is dated 15th October 2019 but wirecard, despite it being a fraud was not suspended:


So all the crooks and other investors seem to have been able to offload their shares ie. pass their time bombs to hapless fools.

Anyway, so how did wirecard respond to the initial report by financial times?



...not only that...a quote from Business insiders: https://www.google.com/amp/s/markets.*.com/amp/news/wirecard-timeline-what-you-need-to-know-2bn-fintech-scandal-2020-6-1029337346



So what else did wirecard do? Want to guess??



So....should wirecard be suspended when the suspicion was first raised? YES! At least until investigation is done proper.

So the question is should ISX be suspended when the suspicion was first raised? Especially when it was ASIC that expressed concern to the ASX?