ASX 'Spitballs' and Suspends iSignthis Ltd (ISX.AX) on Mere Suspicion
In summary, the 4FASOC alleges (paragraph 5A) that, on the morning of 1 October 2019, ASIC and ASX teleconferenced about ISX during which the following occurred.
- Tom Veidners of ASIC (Senior Manager Market Surveillance) told the meeting that ASIC's review of documents did not reveal a "smoking gun".
- ASX Chief Compliance Officer Kevin Lewis stated that ASX did not have "hard evidence" that would support a suspension of trading in ISX's shares.- Mr Lewis also said "as much as we would like to suspend, unless ASIC gives a direction, at the current juncture we do not have sufficient evidence" and it "grates to come to that conclusion."
https://au.finance.yahoo.com/news/asx-spitballs-suspends-isignthis-ltd-072700773.html
Ann: Updated Statement of Claim ISX vs ASX
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSTYP5Aq7yBmZqeRhke92GA%3D%3D
ASX 'Spitballs' and Suspends iSignthis Ltd (ISX.AX) on Mere Suspicion
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