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Ann: Appendix 4C - quarterly, page-70

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Solidrock2020

83 Posts.

17

03/08/20

08:51

Post #: 46254993
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Originally posted by Scott th Ratbag: ↑

Interesting questions @Solidrock2020...

1. I don't know for certain but the deal was voted in by holders, it was approved or at least passed without comment by ASX, the whole matter is past. I bought in with knowledge of the history. I decided on fundamentals the co. was good to own and would rise in value with a reasonably moderate probability. I didn't worry unnecessarily about the perf shares... it was history.

2. The co. said that the NSX deal was planned 12 months before execution. I don't doubt this because such a move would require a lot of preparation and would require research and approaches for legal approvals. Asx would probably have been aware of ASIC/ISX work.

3. is a pretty full question. Although I don't understand crypto sufficiently to comment on whether ISX is planning as you suggest... it all reads pretty dodgy to me. If they did there'd be a lot of interest I'm sure, and the co. could make good revenue - but its the way you describe it that has the undertone of nefarious actions rather than sound business practice. Yet if its a legitimate trade that has good social recognition... crikey its not as bad as many other legal trading platforms... crypto may be a winner - but not in the such a dodgy manner as you describe.

4. Only 4% against... a bit of a foregone conclusion really... I abstained due to the splinters in my backside. I trust the BOD to do what is right for the co., including all legalities and profitable moves.

You have my answers, now how about yours?

cheers Scott.

PS, doesn't anonymity mean that you can be anything you want? doesn't this include liar, troll or paid manipulator as much as honest... I've worked with all sorts... this lot are pretty cool.

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I'm not sure my opinion really matter, does it? I don't know all the information regarding the Performance shares so I guess we'll all find out. Trading/investing on the ASX for many years tells me ISX have probably tried to bend the rules and take advantage of that. Sounds like about 100 other companies of traded over the last 2 years. BTW, non of them were suspended. Read into that what you like.
I wasn't implying anything regarding NSX, in fact I thought it would be a great business move. If ASX don't want to trade in crypto go where it can be done. Whether we like it or not that is the future. Maybe not btc but who knows, but there will be a lot of money there. I have BTC and have been holding them for over 5 years. No capital in them at all. ASX, to me is a dinosaur that doesn't have the brainpower or ability to work in that space. I feel the ASX don't want anything to do in that area mostly because they have no idea, and the old wasps are scared of it. Not saying ISX is the company but someone will and worth watching IMO.

regarding delisting I just saw a massive pro for delisting so curious how the BOD can not delist when it was overwhelming voted by SH to do so?

there are my answers Scott

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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