I agree that the tech is highly complex and the whole fintech sector is new and requires in-depth knowledge to understand what the tech does and how revenue streams develop... very different from retail or coal mines.
From several reports, the entire sector is under investigation. not sure what the ASX is looking for - perhaps they are just trying to do due diligence on a sector that is poorly understood by the ASX?
I too am happy with the investigation as it helps me to learn. I'm looking forward to reading more astute analyses from those that know about the sector and tech involved as well as the financial dynamics.
The very fact that they are searching for anomalies and dubious transactions may be more to do with the historical developments of the company and JK's arrangements with the failed Belgian bank and start-up investors. if this is sorted then perhaps ISX may be allowed to resume trading while further information is analysed.
I agree with your position on ISX but although I bought on the day before the OM report and the suspension, I remain reserved for the present
- Forums
- ASX - By Stock
- SP1
- Ann: Response to ASX Query Letter
Ann: Response to ASX Query Letter, page-118
-
-
- There are more pages in this discussion • 958 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries