ASIC v ISX Hearing, page-1664

Today must have been very disappointing to ASIC. The expert that viewed that short trades between the time ISX was suspended to now says it was unlikely that there were ANY during the time period, bar 1. Talk about Borsky's attempt to be misleading! Borsky asked for a yes or no answer about whether there were any shorts, but not how many. He wouldn't let the expert state anything but yes or no. Of course, on cross-examination, we found out there was only 1. Sneaky. The expert also added there was no way to determine what the price would have been during that time period. This aligns with the ISX legal teams' statements that because shares were suspended during the VISA issue there could not have been a substantial reason to announce to the market considering there was no way to determine if the shares would have gone up or down on "substantially" due to the announcement or non-announcement.

Too bad, ASIC. Another failed accusation.