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Round 2 ISX vs ASX, page-309

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jkim78

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13/08/20

23:29

Post #: 46526833
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Originally posted by ZMan: ↑

I’m never going to claim ISX management have been angels, however I feel like ISX shareholders have been “thrown under the bus” by the ASX.

Compare how the ASX has treated GSW, with an investigation by ASIC and subsequent legal proceedings against GSW:

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-039mr-asic-commences-civil-penalty-proceedings-against-getswift-limited-and-its-directors-bane-hunter-and-joel-macdonald/

The ASIC claims against GSW are very detailed:
https://download.asic.gov.au/media/5014665/19-039mr-getswift-limited-concise-statement.pdf

However GSW has remained trading except for a short suspension, and as far as I can see, the ASIC accusations have not be released to the market or investigated by the ASX.

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As mentioned unless there's an investigation into the validity of shares on issue you cannot draw parallels.

ISX Price at posting: $1.07 Sentiment: Sell Disclosure: Held
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Round 2 ISX vs ASX, page-309

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