ASX states it become aware of the covert OM report on 10 Sep 2019.
This matter all started with whether or not $5m in revenue was generated and remembering; 1) The Auditor is ok with 2018 Financial Statements (they verbally confirmed this during the 2020 AGM - 2 years later), and 2) ASIC is ok with the 2018 Financial Statements
If these are the facts what evidence does ASX have to argue a different view to the Auditor and ASIC on the 2018 revenue?
Is it the case that ASX is just in too deep? And is the latest Proxy Advisor review a move by government to get on the front foot should some surprises be revealed in the trial?
I am sure all will be revealed in the Federal Court in due course and allow us to join up the dots
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held