I don’t believe anything the ASX is saying to be honest. They’ve lied through their teeth. Told a judge they would let ISX reply to their SOR through the MAP then blocked it. They also said ASIC ordered the ISX trading suspension initially and ASIC denied it in writing. How are they behaving now their directions have been met? If you still want to believe ASIC is definitely behind them then good on you, but there is zero proof of that (they could be telling porkies like they have been everywhere else - ASIC didn’t order the suspension in the first place). I agree the performance shares need to be looked at, and I’ve said before I don’t like it, but they haven’t got anything they can prove on the revenue mate. Seriously how long do you think it takes to look at $5m of revenue and check it? 1 week tops (particularly when it’s largely based on 4 large contracts). ISX have agreed to escrow 336m shares.....ASX are dodging and weaving on it like everything else and shifting the goal posts. I’m pretty sure ASX has the power to approve an escrow independent of ASIC (if they suspended the stock on there own terms).
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
