Second letter to Mr. Longo, Chair of ASIC, page-172

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itzgr82balive

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22/09/21

08:19

Post #: 56252711
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Originally posted by naomhan: ↑

Bingo.

Couldn't tell you how many times I've been called a shorter, a non-holder, a paid activist, anything.

I still find it bizarre that itsgr8 is still cranky that they didn't get personal responses to their exact questions. Even though they've acknowledged that there were a lot of letters written in. As a taxpayer, I certainly don't want my paid representatives spending their time answering every letter individually. What a waste of time.

None of your questions were answered. I'm really not surprised. If you like, I will answer them for you:

- Who requisitioned the OM report? This is what you've called a "red herring" argument. You've set up a line of inquiry with no relevance. The questions at hand are "was ASX correct to suspend ISX" and "are ASIC correct in their charges of ISX illegal behaviour".
- Why did Paatsch give the report to ASX on the same day it was released? A red herring. 1. Still irrelevant. 2. You actually want ASIC to speculate on someone else's motives? I honestly have no idea why one short report has any relevance to you. Especially one that we have quotes saying that ASIC/ASX didn't place a lot of faith in.
- Paatsch to ASX, who were the shorters, were there naked shorts. A red herring. Still irrelevant. I couldn't care less whether it was OM or Citibank. They can look into whatever they like. They can publish whatever they like provide that they aren't defrauding or defaming anyone. Who were the shorters? Who cares? Why is that relevant to ASX suspension or ASIC charges against ISX?
- What part did the OM report play in convincing ASX to suspend ISX without sufficient reason and cause them to work beyond their powers? A relevant question to begin with, and a "band-wagon" to finish. What part did OM report play? Hopefully not a lot. Based on ISX publications, ASIC and ASX didn't hold a lot of faith in it. At the very least, you've asked a relevant question there. Unfortunately, ASIC responded that they've reviewed ASX's decision to suspend and are comfortable with it. What caused ASX to work beyond their powers? ASIC have concluded that they didn't.

I'd also point out that your point 4, explaining the band-wagon thought, is actually a band-wagon thought. You've pointed out the correctly fallacious argument that something is true because most people believe it. Then backed it up by saying "most true shareholders support ISX".
1. Poisoning the well. Didn't address a single argument. Just attacked me.

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ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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Second letter to Mr. Longo, Chair of ASIC, page-172

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