It's all about busness acumen. Something asx is lacking with isx.
The 11 minutes represents asx's mindset in this matter, and the actual respect that it had for isx by leaving this suspension notification action to the very last minute. It's got nothing to do with what could isx or it's shareholders have done anyway.
You'll note that it's confirmed in the court paperwork that the asx met with asic to discuss the isx suspension the previous day. That's were that "in consultation with asic" was born and the decision was made to suspend isx.
So the asx knew it was suspending isx on the previous day and had the timeline described in my previous post of 18 hours to inform isx of the suspension. Yet with 11 minutes before the market opened, it decided to phone isx.
As mentioned it's a respect issue, and it's continued to this very day. Cheers
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ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
