Was the case against ASX really an asset at the time except in the minds of gullible shareholders?
Was it ascribed any value in the balance sheet of ISX?
Did a reputable auditor sign off on the carrying value of this asset?
I don't want to quibble but isn't it the case that ISX was refused readmission to the ASX and is in court with ASIC over, amongst other, things it said in announcements, omitted from announcements or refused to answer when asked by the market operator?
It is not a fact that ISX's suit against ASX was an asset (this is called a fact). It is a fact that ISX claimed it was fact at the time (this is another example of a fact). It is unlikely that any auditor would have ascribed it any value (this is an opinion).
SP1 Price at posting:
$1.07 Sentiment: None Disclosure: Not Held
