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Oh Anie you are so smart. May be ASX needs your advise and...

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Sam2019

94 Posts.

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21/08/20

13:48

Post #: 46719984
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Originally posted by aniesbaswedan: ↑

Like I have mentioned many times before, the amount of the damage claim does not matter. ISX could claim a trillion dollar in damages if it wants to. What truly matters is whether ISX can prove those claims or not. I think it is important to remember that ISX had trouble with providing causal links in relation to their previous 27 million damage claim. In fact, it was sent back by the court to be revised. I mean that was meant to be the whole point of the amended SOC, that is ISX to provide particulars so that causal links can be established to be deliberated in court.

...I think what happened was that, instead of providing the particulars that the court seek, ISX has increased the damage claim to 264 million. What I am expecting would happen is that the amended statement of claim is again going to be sent back for more revision, which would effectively lengthen the court case even more.

Like I have said many times before, I really believe that ISX has always known that they would never win the court case. That the whole process is just a distraction until ISX has completed its migration into the NSX (the company). After the completion of the process, an empty husk (legacy ISX) would remain and then be abandoned all the while NSX would become the new ISX.

I think the most important thing that people should realise is that the whole grandiose damage claim is tied to whether the suspension is justified or not. That was the whole point of the court action to begin with. If ISX was confident of it then they would have just gone with their initial statement of claim. It would have been solved there and then. If the whole suspension is justified then there is no point to the damage claims. If ISX genuinely wanted the best then they would have tried to complete their original claim first while leaving any damage claim contingent to the judgement. To me and probably any other completely independent party who have been following the saga, it is obvious that ISX is trying to prolong the court case to be as long and convoluted as it could possibly be. People need to remember that the only reason why the court process is taking so long is because ISX keep amending its SOC and I think this amendment would not be the last.I am expecting the new statement of claim to be sent back for revision again. The amount of damage in my view is completely meaningless.

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Oh Anie you are so smart. May be ASX needs your advise and expertise.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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Oh Anie you are so smart. May be ASX needs your advise and...

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