Thinking and adding more to this.. Could the angle possibly be that the finances are not necessarily the problem. Could the problem be that if ASX reporting/commentary includes an actual mention of a few client names or certain services that work has been sublet for...followed by a statement like "this leads us to believe the fiances may have been booked"
So there is no negative effect to ASX if their reasoning in incorrect as it was using that loose language and logical reasoning. ISX can prove finances are ok but only after report is released. The negative for ISX is in the ASX divulging the prior information to justify their reasoning about sub letting and services and this would damage 3rd party relations and future reputation.
This loose language is what the ASX is using to divulge sensitive information that the know is damaging. And some woul argue that as is knowingly doing this to destroy a competitor.
Just trying to think logically what sensitive information could be in the report that would do damage to ISX client relations and reputation(as this is their reason for wanting suppression)...but also allow ASX to say that their reasoning was legitimate and thus avoid ramifications if incorrect.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Not Held