Scott, the ASX has so many different options that allow them to keep ISX suspended. Even if ISX meets the 4 requirements there is a high probability they would say they are happy to relist once ASIC give them the all-clear. This is their charter, they are a private entity. If you were running a private dividend business which was making 100's of millions a year profit, would you risk $50-$100m in fines and a slap on the hand for getting it wrong to protect billions in profits? I know I would
How does a bank get billions in fines, break the law, in court with Austrac, ASIC, you name it, all C levels removed and even had OM right a report saying it's a great investment and the board should be praised yet not a suspension or a compliance & disclosure review? They knew of what was brewing when they did their $2b cap raise but didn't disclose it from what I understand. Happy to be corrected here.
No, I do not think ASX is treating ISX fairly, No I do not think ASX will remove the suspension. No I do not see us delisting any time soon UNLESS ISX gets a big win in court from evidence or a new development which causes a nightmare for the ASX
ASIC is the key here, no ASIC no change. I still want to know at which point does 7.2.16 come into play considering ISX is building a competing product? Or does the fact that they are suspended mean they get no protection at all because of accusations made by ASX?
It's messy, it's tiresome, and I think we are over it all. Someone give us the truth that's all we have been waiting for over the last 10 months. I will back our thug (smartest thug I have met I must say) until the end. What do we have to lose not backing him if the shares are suspended?