Just wondering with the VISA disclosure, what powers or laws are ASIC enforcing?
I understand ASX are responsible for an 'orderly and informed' market but wondering why ASIC are prosecuting ISX on this matter. What law have they broken if the allegations 'they did not inform the market' are true.
Especially given the last time an Australian Listed Company didn't inform the market (cant remember the name), the ASX suspended the share, provided a please explain and they disclosed and continued trading. ASIC had no involvement what so ever.
Regardless I just hope with ASIC involved the truth comes out. Whether guilty or not, I think we all just want a conclusion and to move on.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
