Ann: Response to ASX Query Letter, page-338

First 338 Last

Share
Profile

Follow
strikerX

6,793 Posts.

645

29/10/19

09:44

Post #: 41114419
Share

Originally posted by pastperformer: ↑

I don't think the performance rights themselves are in question, based on the evidence.

It's the disclosures that are borderline. What was material and what needed to be released to the market. I think they are ok, based on what I've read, but I can see an argument for more prompt transparency.

Having said that, I'd find it hard to believe that any company listed on the ASX couldn't do a better job with disclosures.

In Terms of the SP, It's hard to say at this point, if we see no further clarifications or summary from ASX/ASIC it will definitely open lower. There will be a lot of retailers scared by this process wanting out.

However, if we do see some clarifications, a satisfactory pass from ASX/ASIC coupled with positive announcements from the company I think we will see a strong open, followed by continued growth.

If ISX has it's suspension lifted, I would speculate that would be on the grounds of it being completely cleared. If it's found to be clear and operating well, why would you want to sell on any weakness? A smart investor would be buying anything at a discount based on the strong cashflow statements and trajectory of the business.

It's all about where we end up on the day of the suspension lifting.

Expand

If cleared ADI is due and will be approved asap imo...this coild turn out to be massive ..for the wait we all deserve it..imo

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

0 Great analysis

Reply

Top Stories

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

What each US election outcome would mean for Australian companies & investors

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?