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joffa2110

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29/10/19

09:12

Post #: 41113400
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Originally posted by pastperformer: ↑

In response to the OT Capital issue I would say this:

On the surface it does look suspicious, I agree. It's a lot of revenue from one provider who was then subsequently subject to legal proceedings from ASIC.

However, OT Capital was provided a license by ASIC, so at some point ASIC accepted that OT Capital were fit and proper to conduct their stated business. If there is a kink in ISX's due diligence framework for on-boarding clients, their is an even bigger chink in ASIC's. It also helps to cement a position of plausible deniability, if ASIC could get it wrong it's very likely ISX could also get it wrong.

ISX has referred ASX to a termination notice with respect to OT Capital and the other investigated entities - we however cannot see this due to confidentially. But it appears we are safe to assume that ISX terminated it's operations when ASIC finally caught on to their impropriety.

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Thanks @pastperformer You have quickly become my favourite poster to follow on this ISX threads. Laymans clarity on complex matters and delivered in a very impartial manner. Thanks for the way you have added understanding to us all.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
11 Upvote

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