Ann: Appendix 4C - 3Q FY19, page-240

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kenjikool

11,687 Posts.

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27/10/19

09:22

Post #: 41084644
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Originally posted by Huge Jaxxon: ↑

"Not that I am suggesting they are true, but the most serious allegations being thrown around would likely result in various licences being ripped up (Visa, Mastercard, central banking, EMI licence in EU), forced board changes - ISX would be worth next to nothing if that occurred."

I'm interested as to what specific allegations are you referring to here?

Also to those suggesting that anyone on these forums is downramping ISX for their own gain you need to think about how this would work. If ISX is reinstated by the ASX and ASIC are happy then surely any downramps would be relatively meaningless once trading starts? Some folks will be waiting to exit regardless of any commentary as the ride will have scared them. The one scenario where negative seeds planted now could cause a sell off is if ASX reinstates while the ASIC enquiries continue. I could be wrong but I feel like that is a possibility as I'm reasonably sure there have been listed companies investigated by ASIC who still traded (IOOF?).

Lots to learn from all this and an abject example of behavioural investing!

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Correct about the ramping and downramping again. However, I'd be surprised in this scenario if it's not all cleared up before trading begins. According to the suspension it was for the SP volatility, so coming out of suspension before hand would be counter productive IMO.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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