yes we have all been stung by ASX's actions - financially, emotionally, personally and for some physically (long story but I'm one of those physical cases).
remember 100 mill is not even ten cent per share - I would be happy for a big financial buffer and expiate expansion. Their reputation is in tatters - a win in court will not instantly reverse that damage - a big financial buffer (especially during these times) will see some more market confidence come into the market in different regions and sectors - if ISX have a couple of hundred million sitting in the bank that means they can go after bigger clients. I would give up 10 cents for a dollar in a few years.
I forgot how much the Australian ADI application cost (a few hundred thousand) - making the same applications in different countries would be a good soldi push forward - there's a few million right there. Then offices, staff, more RnD, infrastructure (keep pushing to be at the forefront of technology is not a cheap venture).
I could almost guarantee with all the media soon to come - there will be a big red X on on the back of ISX for cyber crime. Any breach will get exaggerated by the media and then how do you get back that damage. Especially being a fin tech company, even if compliance with all the standards.
we are getting ahead of ourselves.
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