I don't believe ASX is able to delist ISX as they are unable to prove any breach of the listing rules that would warrant delisting they can't delist a company based on what they have produced so far and nor do I believe ASIC would allow it.
This quote from ISX response says it all:
Today's correspondence from ASX shows they have no interest in resolving the situation the sooner ASIC step in and sort this out the better.
- Forums
- ASX - By Stock
- iSignthis’ official response to ASX’s “Statement of Reasons"
I don't believe ASX is able to delist ISX as they are unable to...
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