The issue is ASX does not know what they are looking for. If they give the scope to IE and the IE comes back with nothing, then ASX will be in deep shit. So some dhead from ASX said dont give them the scope, let them come back with the report then we can just say scope is not right or not satisfying enough to ASX.
All through the process in the last 10 months ASX is and was never sure of what they are looking at if not why the whole drama, just tell us what the issues are, You have access to the MAP and the power to release news, what the F... are you waiting for.
The IE report was at the cost of ISX and IE is one of the top law firms in Australia and trust me they don't come cheap.
Now, wasnt ASX responsible to give a defined scope cause they demanded for an IE report and not ISX.
Asx's actions are just a shame, Is ASIC meant to look into this, is the 4 - 6 weeks time up for ASIC as sugested by JK.
Someone needs to take a whip and tell ASX to get in line.
Honestly What a shame!!!
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
