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ASIC is focussed on the pandemic.

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ben79

639 Posts.

317

28/08/20

13:25

Post #: 46897830
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Originally posted by Mini650: ↑

We wish...

sadly this is not good news. Would ASIC have extended their investigation period if there were no issues....

As at 30 June 2020 the Company remains under investigation by ASIC in relation to suspected contraventions of the Corporations Act in relation to iSignthis Ltd, during the period of 1 June 2017 to 14th August 2020 (inclusive), which period was recently extended by ASIC. Potential consequences of this matter could include legal fees and charges, fines and penalties and further reputational damage to the Company. The Company holds no provision for this matter, as the outcome is so uncertain, no reliable estimate can be made.

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ASIC is focussed on the pandemic.

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