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dirdydog

93 Posts.

15

04/05/20

22:15

Post #: 44430721
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Originally posted by Surfguy: ↑

Excellent post mate. ASX is a company who were gifted a monopoly and the power to administer it via a licence to administer listing rules. A licence to print money if you will. There lack of innovation is testament to an old boys culture who will try to crush any competitor with all means.
Monopolies invariably fail as the ease of making money always leads to a "Yes man" culture were nobody dare say "but what if". Their disdain for the Federal Court shows this plainly. ISX clearly has to now proceed to trial as the ASX has left it with no viable option. If ASX does not now hand this to ASIC and step back it would risk massive loss to its reputation, and possibly its licence if they lose the "war " so to speak.
ASX has inflicted the damage they sought to ISX due to their ability to control proceedings and communication to the market. It has been a one sided battle the likes I have never seen before. But now you have to ask who has more to lose at the Federal Court. I would suggest it is the ASX now not ISX. We now know the extent of ISX's problems which if proven are serious but not insurmountable, however if ISX are vindicated at Court the damage to ASX ,at a time when growing calls for a royal commission that have been gaining momentum ,could be very serious indeed.
I can't believe investors in ASX can't see this as at least a very real possibility especially now after the SOR which has to bring the handling of this whole saga into question.
I am amazed at the total lack of any unbiased investigative journalists in Australia today. No one is asking the real questions.
Like:
Who instigated this short raid.

Where does the money trail lead.

How is it possible to trade 400mil shares in 4 weeks when in the preceding 4years only 800mil approx traded.
the top 100holders have circa 1bill shares so that leaves 150 mill free float. Something does not add up.
We know 15mill shares are reported short but how many more have not been reported. Are there any naked shorts and does this explain the amount of negative posting.

Is there a bigger agenda to get control of the company via the cancelling of performance shares and destruction of reputations for the purpose of a hostile takeover. That would go some way to explain the coordinated nature of this attack. Create doubt then let the ASX do the rest, ASX appear quite stupid( but certainly cunning) so pretty easy to lead them down a certain path. Monopolies breed stupidity as per an earlier post of mine.

There are many more questions but I am sure there is a bigger story. Surely a journalist out there can smell a rat.
20 years ago they would have been all over this however today it appears there are no free thinkers left, just more yes men looking to take the easy option, keep the status quo, no matter how corrupt.

My opinion only and no need to reply for the majority on this forum as it will not register in my world, peace to all.

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You've written everything that's rattling around in my tiny head. My other thoughts: I am gobsmacked. If you apply laws of nature, this whole investigation makes no sense. Whether guilty of anything or not, ASX's actions don't feel 'opposite but equal' nor does energy in suspension feel constant. There are other external forces at play that make the entire situation unfair and unnatural. Isx are as good at tech as ASX are with exploiting their monopoly.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Held
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