Ann: ASX Update on status of ASX Directions, page-377

Stock Swami

@stockswami

I'm getting asked what I think about $ISX vs $ASX.For what it's worth, here is my insight atm$ASX are still searching for the smoking gun.It's not comin easy.They didn't find it in those contracts to get the PFS exercised.They are now focussing on dealings with Visa.

12:37 PM · Jul 26, 2020·Twitter Web App

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Stock Swami

@stockswami

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@stockswami

The issue with Visa, is a interesting one.You have to ask, what prompted the Visa issue?ASIC was enquiring into $ISX,Did they contact Visa?Did Visa get alarmed?Did that preempt Visa's action against $ISX?If I was $ISX, I would subpoena correspondence between Visa & ASIC

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Stock Swami

@stockswami

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If not ASIC , was it another Aus Gov entity?$ASX seems to be holding something close to it's chest.Something it knows that the market doesn't.It's responses doesn't make sense otherwise.Does it know more about Visa vs $ISX and that's why it's pushing the Independent Expert?

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Stock Swami

@stockswami

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But if Visa found an issue, why not MasterCard?Can Visa cooperate with Aus Gov authorities without at least informing $ISX?Surely Not.

Swami is onto it! Will be an interesting next 2 days