Far out, I think some of these "newer" posters need to take a step back, this is not black or white, this has many facets that we do not know.
I understand that right now everything is uncontrollable, that it is easy to look at the usual suspects of downrampers and pass off their sentiments as biased. However JLo has been posting here for longer than most have heard of ISX. His insights have been accurate and thorough. Other posters would be able to vouch for his information, and him. Just because he is saying things you do not want to hear does not mean that you can lump him in with other posters and ignore what he is saying.
"Such a negatively loaded post, don't understand the point when the entire world market is bracing itself for a slow down including established/stable cash flow positive and profitable companies." - Yes, and only the established/stable cash flow positive companies are going to survive. A highly leveraged coy is going to have a tough time keeping it together, where does that leave ISX then?
Think about what has to happen globally for ISX to become a multi billion dollar juggernaut, does 6 months of catastrophic economic break down fit into that model? Does it have the capability to wipe out our available capital and send us under? Possibly, enough of a probability to have a few people concerned. We are facing the prospect of lower global transaction rates whilst trying to operate a fledgling company, whilst suspended under investigation, having paid 4m for an acquisition that may or may not be profitable. Also remember that NSX will need to raise funds for this to work, heading into a possible recession who is going to take a costly gamble on a new exchange to challenge the status quo? There will be people out there but it will be difficult. Regardless of what internal strategies they may have to conserve cash - if they cannot pay their bills, their staff, their rent, they will not be able to continue expanding and for a tech 'start up' that is a death sentence.
We are not in a position where raising capital will be easy, doubts over the company were enough before a global pandemic caused mass chaos throughout the markets.
ISX is in trouble, you do not have to listen to Annie, Streetie, Cappie or N00b but look at what is going to happen (at a minimum) over the next 6 months, even developed businesses are going to struggle to stay afloat.
I have not posted seriously in months. There has been nothing to discuss that would not get derailed by misinformed posters, however it now looks like there are plenty of people who have their fingers in their ears not wanting to listen to ANY possible alternatives that do not already fit their confirmation bias. People who have legitimate credibility on this forum, who are putting time into this current mess of threads are getting responses that would make me never want to share any analysis again.
Not everyone who has concerns is a short seller. A simple look at post history often is enough to piece together someone's motives, do some background research for once, all of you. How many people on this forum have gone to ISXs website, or reports, gone to a webpage of a business using ISXPay, or Paydentity and given it a test run?
@jlo2012 - I have not been able to find anyone who uses Paydentity with 2 deposits to verify ID. However I have not been working on it for long either, perhaps I will find something.
