ASIC Commences Proceedings Against ISX and JK, page-2400

First 2400 Last

Share
Profile

Follow
Advent1969

284 Posts.

221

27/08/22

18:45

Post #: 63362228
Share
Originally posted by ChillingOut: ↑

I'm sure you're aware that Consent Orders have been made regarding the subpoenae issued on ASX and Visa:

ASX Subpoena - the Defendants (ISX and Karantzis) are to pay $150,000 as security for the reasonable costs of compliance with the subpoena and in respect of challenges for privilege. (Jud. Reg. Legge, 20 July 2022).
Visa subpoena - the Consent Order framed similar to the above but requiring $125,000 to be paid. (Reg. Luxton 16 August 2022).

Similar to the outstanding security of $2.69M that needs to be stumped up to get the ISX v ASX proceedings listed for Hearing, I expect that not much will happen on the subpoena front until the Defendants in the ASIC prosecution matter comply with the consent orders and pay the $275,000 forthwith. That will ensure that all document are produced and the privilege arguments are heard in accordance with law. That said, the Hearing is still listed to commence late Feb 2023 and it won't be vacated because the Defendants failed to pay security monies for compliance with a subpoena issued at their request.

Have those subpoena compliance security monies been paid into Court yet? The ASX sum was due on 27 July and the Visa sum was due 15 August.

Expand

No doubt they have Dean-o, else both Visa and ASX would have moved to dismiss the applications

back to it

interesting dilemma they are both in

rumour is the next subpoena is to include Ownership Matters, so their nefarious role can be exposed
SP1 Price at posting: $1.07 Sentiment: Hold Disclosure: Held
10 Upvote

2 Great analysis

Reply

Top Stories

DRO

History repeats for DroneShield investors but carnage so far subdued

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

AII

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

First 2400 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

ASIC Commences Proceedings Against ISX and JK, page-2400

Top Stories

History repeats for DroneShield investors but carnage so far subdued

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Featured News