ASIC Commences Proceedings Against ISX and JK, page-580

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aniesbaswedan

6,681 Posts.

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10/12/20

15:59

Post #: 49488849
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Originally posted by aes411: ↑

You have no knowledge or experience in this company's sector, that's why it's so difficult for you.

If you've ever participated in deploying tools and processes to ensure a successful audit in just one of the numerous certifications this company has, you'd understand things better. I have, so I understand. It's a hurdle to taking you through all that if you don't even understand what revenue means.

I presume your reasoning is predicated on ASX's SOR and nothing else. The SOR in itself is an inappropriate document as ASX doesn't have a statutory role to investigate and publish "findings" from the investigation. That said, ASX can publish reasons for suspending a company's shares from quotation on the market it operates (which is why the judge allowed it) but publishing inaccurate "findings" from an improperly conducted investigation is not something it can and will be held liable for any damages so caused.

As stated in ISX's claim, some of the actions ASX has taken are so unreasonable that no reasonable person could ever have taken those actions.
Some of the statements you've made here are so unreasonable that several posters have put you on ignore.

Yet you want me to trust what you and ASX say?

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Here is a global definition of revenue as determined by global accounting standards used by chartered accountants:

IAS18

That is the definition to use.

You would rather trust a company being litigated by the regulator for misleading the market?

Also, are you ever going to send an email to ISX asking about its relationship with Mastercard? Get the email and post it here. I am not going to do it because I don't need too.

Last edited by aniesbaswedan: 10/12/20

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Not Held
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ASIC Commences Proceedings Against ISX and JK, page-580

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