Also note in yesterday’s announcement they agreed to put their PS in escrow for 12 months from ‘today’s date’ - and in today’s announcement ‘12 months from reinstatement’.
FYI - in December 2019 ISX offered to escrow their PS for 6 months. The ASX responded 12 months would be more suitable. ISX never responded and instead sought court action.
Here we are some 6 months later, ISX spending hundreds of thousands $$$ of shareholder money on legal fees to protect their performance shares - and now they agree to disclose what the ASX have been asking, and agreeing to 12 months escrow.
”In the best interest of our shareholders” my foot.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Held
