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01/09/21
11:45
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Originally posted by largeraj:
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Re "ISX will have sweet FA profits coming in to keep up the fight in the courts ." No, that is covered off by: After the demerger, the key components of ISX's balance sheet would become: ASSETS • A$6.6 million convertible note in ISXFEU • 100% shareholding in ISX Financial Pty Ltd, a proposed applicant for various Australian business regulatory approvals (APRA, RBA) • Legal claim against ASX for damages for misleading and deceptive conduct1 • Cash of approximately A$4.3 million2 LIABILITIES • Immaterial Importantly, ISX will have sufficient cash to pursue its Federal Court litigation against ASX, which it will continue to do with vigour.
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Emphasized important point ...sufficient cash