According to SMH article:
disallowed/business/companies/isign...8-p52yt1.html?js-chunk-not-found-refresh=true
"The suspension came after governance firm Ownership Matters questioned the company's revenue performance and bonus shares issued to top executives. The disclosure practices of the company and the calibre of its clients have also come under scrutiny."
"Controversial payments-tech provider iSignthis has revealed it has been forced to hand over its books and records to the corporate regulator as part of a major investigation into the group's disclosures to shareholders."
"The Sydney Morning Herald and The Age revealed last month that ASIC was going to court to get liquidators appointed to two iSignthis' customers - contracts for difference (CFDs) and foreign exchange traders OT Capital and Trader Q."
So it seems to me, based of the article, what you are saying about ADI application is ridiculous. The article says that they were forced to hand over things. Things that in my view would be those related to revenue numbers and sources of that revenue. From the article, I also seem to understand that at least some of ISX's clients are dodgy. The article also mention things about red 5 in British virgin islands. So it seems that I am right, that everything revolves around revenue numbers and whether or not they are legitimate.My expectation is that, if revenue numbers and sourcings are found to not be legitimate then the stock would never trade again.
