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ASIC Commences Proceedings Against ISX and JK, page-616

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mags001

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10/12/20

19:05

Post #: 49493341
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Originally posted by itzgr82balive: ↑

Two answers to that post @naomhan
1. Two of the four contracts produce future revenue so it would be really difficult to prove that shareholders did not benefit from the 2018 revenue.
2. I should have been more precise, who is going to define what ISX's ordinary operating revenue is? I would think ISX. ISX had installed and set-up systems prior to 2018 and have done so since. Delivering software is part of ISX's ordinary business. Standard & Poor's classifies ISX in the General Industry Classification of "application Software" ISX must onboard customers in order to get GPTV.

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Really good point you make. Pretty sure there is no timeframe on deriving a benefit on the 2018 revenue. That would be difficult to argue against.mBeing profitable despite CV19 and a suspension would sink that argument pretty quickly

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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0 Great analysis

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