ASIC Commences Proceedings Against ISX and JK, page-1705

First 1705 Last

Share
Profile

Follow
VegasGM

655 Posts.

469

16/07/21

20:55

Post #: 54564740
Share

Originally posted by itzgr82balive ↑

I would imagine that the request by ISX for discovery of materials from VISA would include documents that support that VISA was going in a different direction and that with those changes, VISA would not allow ISX to remain at their then-current tier 1 level. These documents could conceivably contain competitive information that VISA does not want the world to see since they are currently defending anti-competitive allegations in various places around the world. The problem, if the court does allow them to be blocked, is that VISA may block exactly the information the ISX needs to prove that the "AML" excuse was just that - an excuse that allowed VISA to get rid of ISX since ISX would not move down to the tier-2 level and pay for the privilege of being there.

As far as I am concerned, VISA AU should lose their argument of confidentiality since they should not have illegally transferred over 3000 documents to VISA Australia who then at ASIC's demand transferred them to ASIC. To my knowledge, ISX does not have, nor has it ever, had a relationship with VISA AU. I am hoping that as part of the court case that we discover the nature and timeframe of the communications VISA EU/VISA AU had with ASIC and ASX concerning these documents. ASIC is hanging their case on a small number (~<10?) out of the "over 3000" documents. At the very least, the documents should be exposed to the judge, ISX, ASIC, and their legal representatives.

Expand

Great post - and yes, it is great to be alive!

Your ability to elucidate the issues always gets my thumbs up. I couldn’t agree with you more here. 100% on the money I think … no pun intended .

It’s a small thing perhaps but these days I always hand over my MasterCard even though I have had the VISA for a lot longer…

VISA you suck. Hope you get caught in that tangled web you’ve woven…

Cheers
GLTH

Last edited by VegasGM: 16/07/21

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
28 Upvote

0 Great analysis

Reply

Top Stories

LGM

Legacy hits high-grade gold, silver and copper through drilling at NSW's Bauloora

QML

QMines jumps +4.6% on drill hits boasting high copper grades

QXR

QX Resources increases US lithium footprint with key agreements

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

SKC

SkyCity jumps 2% after copping A$3.6M fine from NZ High Court – far below AUSTRAC's fine

There are more pages in this discussion • 903 more messages in this thread...

First 1705 Last

Add SP1 (ASX) to my watchlist

ASIC Commences Proceedings Against ISX and JK, page-1705

Top Stories

Legacy hits high-grade gold, silver and copper through drilling at NSW's Bauloora

QMines jumps +4.6% on drill hits boasting high copper grades

QX Resources increases US lithium footprint with key agreements

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

SkyCity jumps 2% after copping A$3.6M fine from NZ High Court – far below AUSTRAC's fine

Featured News