"(b) ASX did not intend to cause the loss or damage that the...

"(b) ASX did not intend to cause the loss or damage that the applicants claim;"

That is hilarious. Sounds like something a child says when they stuff up.

I really thought there must be something rotten going on with ISX that ASX/ASIC knew about. We know now this isn't true. And now they are trying to invent reasons after the fact. Absolutely farcical situation. There is something seriously wrong with the system if they can hide behind ' absolute discretion' to do what they like.

I don't don't go along the theory that a conflict of interest is motivating these people. I do think that hubris has lead them down a path that they can't back out of. Ever argued with someone who insists they are correct when the facts are against them and they just keep digging and going around in circles and will never admit to being wrong? ( like that Anus person who I have on ignore) It is a kind of personality disorder. I think this is what is going on.