Round 2 ISX vs ASX, page-249

Sure. Let’s look at WBC, they’re a massive company with many billions in revenue and many different businesses within the group. They get notified by the regulator that there’s a problem with money laundering within one of the businesses. They admit mistakes and then work with the regulator to identify the problems and the magnitude of the transactions. They notify the market of this and that the fine could be say $1B. Stock gets smashed as the market reacts to it. Yes a $1B fine is large but for a company that makes many tines that in profit each year it’s a flesh wound.
Lets look at ISX. If they’ve done what has been alleged it’s lights out. Stock worth zero. Shareholders lose all money. Also, they’ve refused to cooperate.
My pleasure.