This is factually what happened:
Now, to draw a lesson from wirecard:
BTW, ISX is still refusing to release the independent review to the market. It is also useful to note that the independent review was not an audit and the reviewer had absolutely no power to compel ISX to produce anything that they are not voluntarily forthcoming with. The scope of the review was also set by ISX and only reviewed very selective material provided by ISX. The ASX asked for a review of all the contracts including the 4 key contracts, visa, etc ie. every contracts covered by listing rule 3.1 as well as all others. Instead of that ISX got Clayton Utz to review below:
Of course the review yielded nothing when ISX got Clayton Utz to review "nothing"...
So what was the reason given by ISX when they refused to release the independent report?
ISX claimed that it wouldn't inform the market....WTH???
