The ASX will never lose their license. They are tightly wound in the economic fabric of Australia and losing that will be a huge self inflicting wound. Now, even if the NSX become a competent competitor to them (which they just might one day) they still won’t lose that license. As for the increased damages claim, I would expect a very positive result from the court by the end of this, however there is little chance we will get even half the damages claim. The point is to win and clear our name and grow naturally and even if we get paid 1mill or an out of court settlement it clears our reputation and opens up a class action lawsuit for holders.
The above is what my head tells me, my heart hopes Justice Davies will see the light and award us the entire damage claim along with a public apology and a court order requiring KL and a certain AFR journalist to write and sing a love song dedicated to JK out the front of the ASX head office every morning for a year, then an ass smooch on live tv for every ISX employee while begging for forgiveness.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
