An investigation of the notes to the Financial Statements is being undertaken by NSX. Not sure how common this level of surveillance is, but it definitely raised a red flag (as high yielding securities should)
This response was a clear 'up yours' to NSX. It may be justifiable. But an illiquid, loss-making, debt supported company to be spruiking for investments into illiquid assets with long term ROI horizons, is definitely worthy of further inspection.
This might be the first of a series of questions raised by NSX/ASX into the dealings of the IQ family of companies.
IQG Price at posting:
58.0¢ Sentiment: None Disclosure: Not Held
