The second query letter is the one that outlines how ISX admitted that it got the financial account wrong while also the one where ASX started asking about the four contracts. ISX became hostile soon after and initiated the court case against the ASX. A little while later, ISX bought into NSX and then claimed that the ASX was attacking it because it was a competitor.
The number of shares on issue for Westpac, casino, etc were never in question. In the case of ISX, the number is in dispute. That is the biggest difference.
We know now that the narrative peddled by ISX that it was a competitor to the ASX because of NSX is false. Clearpay is a failure and NSX is as bad as it has always been.
