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ASX "Spitballs" and Suspends iSignthis Ltd on Mere Suspicion, page-112

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vivRookie

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01/09/21

17:10

Post #: 55757085
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Originally posted by JoeGambler: ↑

As an investor you really need to be honest and ask why ASX does not see this case as a contingent liability and why yet again it is silent, despite these new revelations?

We know from the discovery the board and CEO were not involved in this at the begining. The idea it is a conspiracy is busted. Clearly, if the board had advice this was material it would be disclosed as such in the accounts and in an announcement to the market.

The reality is these board members are on salaries and have nothing to gain from obscuring reality. We are not talking about a situation where ASX is founder led and the board are de facto proxies of the founder.

If you were a judge of this, given what has transpired did ASX act reasonably? Did ASX make anything publci that was misleading? Was the SOR deceptive? Was the suspicion 'without hard evidence' ultimately vindicated? Did the nature of the suspicion warrant the suspension given its nature, such as uncertainty as to the legitmacy of the share count and the chance those suspect shares could be monetised? Does the ASIC lawsuit not completely vindicate ASX regardless of outcome win or lose?

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Indeed. It's an outrage that ASX could act like this with impunity. We are lucky that JK has taken this expensive step of taking the Regulator to Court; other companies just let it rot for years..and shareholders are out of pocket..

yI notice that Friedynberg is at last reining in the powers of the unaccountable Regulator to let business grow without being tied up in ASIC red tape.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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ASX "Spitballs" and Suspends iSignthis Ltd on Mere Suspicion, page-112

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