ASIC v ISX Hearing, page-3476

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djwillis

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23/06/24

10:30

Post #: 74444126
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Originally posted by Green Hornet: ↑

Well fool think I will run with this one and why we got suspended and seems no case to answer. I feel more to come out of this and kick in the nuts to ASX ASIC and toxic fools like Lewis and Stevens caught now in collusion with ASIC lol. You can say what you like golow makes no difference to me and unlike yourself my mental health is totally fine. onwards and upwards to the company and NK

'In rejecting those allegations, the Court made the following findings:

· “ASIC has not proven to the requisite standard that Mr Karantzis has made an improper use of his position in relation to the performance shares…”

· “it cannot be accepted that ASIC has proven to the requisite standard that Mr Karantzis failed to exercise his powers in good faith in the best interests of the corporation and for a proper purpose.”

The matter of the achievement of the performance milestones and consequent issue of the performance shares is now closed, with ASIC having failed to make its case.

The relative significance of the issues on which ASIC failed and those on which it succeeded will be the subject of detailed legal submissions in the second phase of the proceeding. Accordingly, it is not appropriate to comment further.

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I will be interesting to see how the Judge allocates costs.

SP1 Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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ASIC v ISX Hearing, page-3476

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ASX hits all time high out the gate on Friday trades following bullish US inflation data

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Bitcoin investors need to know the risks

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