Directors serving their own interests while serving shareholder...

Directors serving their own interests while serving shareholder interests is common. It'a called Positive Accounting Theory. Making a system where the directors win when the shareholders win. Thats not what we are talking about here. The charges from ASIC are for intentionally harming shareholders to enrich themselves. Not win-win, but win-lose.

Nah, this wasnt a dollars issue. They had to find $3m to lodge security and get a trial date. SP1 holds cash and a convertible note. ISXF has plenty of cash and couldve managed it with ease. Neither were willing to. JK told us multiple times we had the cash to see the case through. We couldve afforded it, and remember that in most cases, the loser pays the winner's costs. So if we thought we'd win we'd even get the money back. They still werent willing to. They delayed til just after JK got re-elected for another term at the AGM, then folded like an off-suit 2&7.

If the company thought they had a 10% chance at victory, theyd have gone ahead with it, and had the cash to do so.