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Ann: Response to ASX Query Letter, page-1015

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Huge Jaxxon

3,146 Posts.

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09/11/19

15:11

Post #: 41336833
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Originally posted by Transplant: ↑

To me share price volatility seemed to be a convenient reason for the trading halt.
What is the ASX going to do if the sp rockets up or down on resumption of trading? Halt trading again ?

No, there is something bothering ASIC that they want sorted out.
Good that this gets sorted out now, if ISX get slapped for some wrong doing then so be it.

The question is how is the trading halt viewed by the ISX clients?
JK has said in AGM's that it is the clients who control how much flows through ISX.
This is the biggest risk to ISX as I see it, but also a risk for the short term.
Long term I still believe ISX have a product and found a niche in the market under the JP Morgan level.

Very frustrating for those with funds tied up during a trading halt.
Very tiring to read the rampers - both up and down - which is why most people have switched off now.
GLTAH
Hopefully the trading halt is lifted in 2019.

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Kudos for the measured analysis @Transplant.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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0 Great analysis

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