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It’s been known from the beginning. ASX suspended them in...

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Gan_Gans

2,143 Posts.

576

11/11/19

14:50

Post #: 41358726
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Originally posted by HCuser3: ↑

Thats an odd way of looking at it.

Firstly ISX management needs to confirm who requested the suspension to then determine how to best tactically approach a response. The starting position and specific allegations are most important to clarify before moving forward. It has taken 1 month for ASX and ASIC to confirm, which is very odd. Now they have the right starting position they can move forward more conclusively.

This does not suggest that the company will or will not be relisted, but its not a sign of desperation in the context you suggest. ISX management should be desperate to find this out who and why - natural justice demands they be told significantly sooner than 1+ months down the track.

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It’s been known from the beginning. ASX suspended them in consultation with ASIC and that position remains.

All this announcement has done is further alienate ISX with the regulatory bodies. The ISX announcement is designed to weaponise distressed shareholder sentiment to blame ASX and divert it from the company.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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2 Great analysis

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