Ok and there you go a very biased view from an ISX holder. Look...

Ok and there you go a very biased view from an ISX holder.

Look this is not that complicated. And the fact that ISX is not actually suing ASX for money speaks volumes. ISX has started a Federal Action against ASX to have their suspension lifted and to reinstate their shares on the exchange.

ASX in turn has requested ISX to produce information and documents which ISX says is confidential.

Trading in iSignthis shares was suspended in September, after proxy advisory and research group Ownership Matters raised questions about the company's disclosures and governance. The quality of the firm's customer base has also been under the microscope, with a quarter of its revenue derived from companies subject to regulatory action, a number of whom are facing criminal sanctions for allegedly running illegal trading scams.

ASX is waiting on ASIC to complete their investigations though this may be on hold now this delaying tactic from ISX via the Federal Action .

Ownership Matters is an advisory service for institutional investors . They have an excellent record in identifying governance risk in Australian companies and the capital markets with a high level of Market integrity, accountability and most importantly complete independence from any commercial enterprises or entities.