It acted on substantial enough suspicion, consulted ASIC and then suspended ISX, which was publicly welcomed by ISX. The ASX then queried ISX over the course of a few weeks, found breaches and a plethora of discrepancies, and subsequently published the statement of reasons outlining them, only after ISX had refused to do it itself, and instead, requested an injunction through court, which it subsequently lost. ISX had been both given the draft and time to review it, yet despite all that, ISX didn’t announce the fact that it had received the Statement of Reasons. The market only became aware of the fact that ISX had received the Statement of Reasons after the ASX announced it. ISX only became hostile when the ASX started inquiring about the revenue from the four contracts. It was only after, that ISX took the ASX to court and then, a while later, bought into NSX. The same NSX that has now been abandoned. What part is inappropriate?
Do you think the ASX should wait until insiders had dumped all their shares?
