It was ASIC that gave info to the ASX as explained in the SOR. It became the basis of the suspension as per "consultation with ASIC".
It was also explained that ASIC investigation is still ongoing. ASIC is understandbly very quiet with regards to its investigation but ISX's own financial report has this written in:
The ISX had also submitted this in the last court proceeding:
So from this it can be firmly concluded that ASIC is investigating the same matter that the ASX is.
The SOR explained quite clearly that ISX had already broken listing rules.
As for reinstatemet, the ASX has already explained that ASIC would be involved in any decision with regards to any chance of reinstatement.
If you accuse the ASX of going after ISX in order to stifle competition then by the same logic you would have to accuse ASIC of the same. Now you can add Visa into the pile too.
Like I have mentioned before, it is my belief that ISX is moving all their assets into the NSX (company). NSX in that capacity would serve as sort of an "Ark". JK is already a CEO there so my guess is that the move is almost complete. So by that I would say delisting is all but certain, whether naturally, voluntarily or forcefully.
