I am thinking this may drag on. ASX have reason to call in their...

I am thinking this may drag on. ASX have reason to call in their own lawyers now that ISX have complained to ASIC about OM, to make sure they don't overstep.

Taking @hotmix87 ,@itzgr82balive and @gregbris earlier comments, the way I seeit is:

ISX wanted to know what’sgoing on and proposing an escrow drew out ASX to say no (As stated by one poster), so then ISX think/knowit is all/mostly about performance rights now. On the other hand ASX can’t allowany stock to trade when there is a $300m unknown variation in float.

So we are waiting on ASX coming to a conclusion which has issues for them as well, and outcomes such as:

1. ASX says we think there is a big problem, you are delisted, and BTW we think some/all performance rights should not have been granted.That leaves Directors open to a class action from shareholders. ISX Directors escrow their shares, there is a vote. ISX re-list somewhere
2. ASX says you may continue listed without some/all of the performance rights. This leaves ASX open to litigation from Directors, but since the alternative is delisting: ISX may say ok, we delist. That leaves Directors open to a class action from shareholders. ISX Directors escrow their shares, there is a vote. ISX re-lists omewhere.
3. Of course ASIC could intervene, but that leads back to (1) or (2))
4. suspension lifted, without change to performance rights.

And then there is potential ASX conflict of interest in relation to mutualized KYC blockchain (which topic appeared in AFR, and i previously posted on) and also as posted by someone....

https://www.asx.com.au/asxpdf/20191023/pdf/449s2jc78mcb93.pdf

For shareholders, rather than a Royal Commission, write to your favourite Senator:

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Financial_Technology_and_Regulatory_Technology/Committee_Membership
You can find their email address by entering name at aph.gov.au
The key issue apart from suspension is that ASX role needs to be cut back severely, and most of it transferred to ASIC.