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Ann: Reinstatement to Official Quotation, page-68

  1. 5,112 Posts.
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    Hi Bravo

    ISX isn't even remotely relevant here mate, it's just a ticker thrown around by trolls when they want to imply a company has gone bad and is going to be de-listed.

    For context, ISX is being sued by ASIC for false and misleading conduct; there are a bucket load of allegations against the company, i.e. processing transactions linked to money laundering, some unusual revenue action which resulted in hundreds of millions of bonus shares awarded to certain key staff, the ATO is pursuing the CEO for $10m in tax, has accused him of falsifying his records and hiding money in tax havens, he has been banned from leaving the country, the company is now suing the ASX in turn...... the list goes on and on. They've been suspended from the ASX since September 2019. Hence it's the popular pin-up boy for (alleged) dodgy dealings.

    So... yeah. IOU had a procedural issue they had to sort through the Federal Court which is normal practice. Take ANY poster who tries to compare it to ISX with a massive pinch of salt. They're either trolls, or they are lacking something between the ears.

    Cheers
    Last edited by mondyinvest: 19/08/21
 
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