ASIC Commences Proceedings Against ISX and JK, page-2428

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JoeGambler

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03/09/22

22:14

Post #: 63504957
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Originally posted by Rodeoshow: ↑

Joe you said ASX had done nothing wrong or had nothing to answer for. Without pointing out the obvious, and taking ISX out if this, it took ASX a year and a half after the performance shares were issued to look into them, an issue they now say is very dodgy (that is an undeniable fact, andp ISX traded the whole time). Of course ASX have stuff to answer for - no doubt it’s why the 2 heads of compliance who both attended the initial ISX suspension meetings are now gone (likely fired - if ISX is dodgy they at the very least are incompetent).

Oh but it’s a big market you say, hard to administer...sorry that’s ASX’s job, no excuses, it’s part of the reason why they can charge listing fees and annual fees. Whether ISX win or dont win doesn't excuse ASX’s role in this debacle. Next thing you’ll say it’s other people fault ASX has screwed up the chess replacement...CEO, CFO, Heads of compliance all gone from ASX...shout out when you see evidence of a company in shambles.

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Struggling to get the chess replacement done and other misteps in operating the market have no relevance to whether the suspension of ISX was reasonable.

What do you think about the auditor of the 2018 accounts (the year the performance shares were issued) being prosecuted by ASIC? Nothing to see here?

Last edited by JoeGambler: 03/09/22

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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ASIC Commences Proceedings Against ISX and JK, page-2428

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