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Ann: ASX Update on status of ASX Directions, page-104

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hilldweller

7,996 Posts.

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23/07/20

08:26

Post #: 46036283
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Originally posted by casajack: ↑

The problem with the Visa issue is that it was never announced clearly as to why it was suspended then terminated. ISX made the call that it was not material, when quite clearly ASX think it is material - if I was a holder I would think that it probably is - the question following would be is Mastercard next. Fully disclosure still hasn't happened.

Having said that above, I believe this is an easy issue to resolve with a retrospective announcement. This would close the Visa issue completely. No one, bar JK himself probably, knows exactly what happened here.

The ongoing suspension now relies on the above & conclusion of ASIC investigation. However, there was a hint ISX could trade if the milestone shares are fully agreed not to be sold until ASIC draws its conclusion. IF ISX directors agree to both of the above issues - it could essentially be trading in the next month or so.

I think the court case is a distraction from the core business of ISX & personally think the damages claims are overblown.

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Please stop preaching here, you are stating things you have no idea about, Visa, this was explained very well in the AGM.

And why do you think what you think matters, no one here cares what you THINK.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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