Important facts: 1. JK has said ISX is happy to provide the information to ASIC if they require it, 2. Shareholders are NOT happy with JK sending on letters to ASX - at least I am not. Blocking out my name, my company name, my hin, and my signature would not satisfy ASX as suggested by a poster above. ASX wants the names of all of us. 3. ISX does not trust ASX with confidential information. ASX has promised to provide ASIC the name of the ASX individuals who are leaking information to one of our dear HC posters - real name known. ASX has not done this as promised yet and ISX intends to pursue this externally (in court? disclosure?). 4. Obviously, ASX does not trust ISX and ISX does not trust ASX. ASX has other avenues to find out if the requisition is valid - for example, asking for verification from ASIC or from the auditor. It is obvious this is still another power play. 5. The vote is just to give ISX the discretion in persuing voluntary delisting and the JK states in the letter that ISX would not do this until after the court case. This is an important point. I believe the vote is just to point out that shareholders are in favour of allowing ISX that choice. Therefore, I will vote yes on this resolution since it is a great way to show our trust, confidence, and support for the directors of ISX. 6. ASX is abusing their power and this will be shown to be so. I am personally very happy for JK stands up for ISX's rights. If companies allow ASX to have no limit to their power, companies will surely be in deep trouble. I think that the court case will be a day of reconning for ASX with a result that ASX's powers will become better and more tightly defined.
