ASIC v ISX Hearing, page-1263

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Hi @bluebird28

Completely understand your frustration and empathize with youself and all shareholders as to the protracted delays. This suspension saga has done so much damage to all connected parties. Nothing like this is ever resolved quickly and easily, its been a pain in the backside from start to finish.

Unfortunately imo isx are still very much under the control of the system, insofar as this asic case has to be resolved completly before isxf can move forward with the ipo. The system still has isxf bound. Yes, the asic case isn't strong imo and won't stop the company from succeeding long term, but asic is the major oz regulatory authority and overseas exchanges and any interested parties will take all that stuff into consideration for the ipo. The ipo stats jk quotes are real, and waiting is the best action, but the asic case finalisation weighs heavily in the delays also imo.

Look at the "top hat" shareholder vote... its on the backburner pending completion of the asic litigation imo. No use doing any official paperwork pre the conclusion of the asic case, and then post the asic case, the top hat structure has to be changed to account for the asic finding. Best to do it at the end when the case is finalised and the road forward is clear and known. That points to the asic case having a factor in the ipo paperwork.

Once the asic case is finalised, imo we'll see a lot of action to make the ipo a reality. Until then we wait once again until the final chains are unshacked off isx with the conclusion of the litigation. Only then will isx be truely 100% free of this epic saga to control its own timing and destiny as it see fit. Cheers


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