Agreed, ASIC needs to step in hard and fast. Either you believe ISX will be important to creating competition to the monopolized ASX position, or it can remove ISX and deal with this same situation as it always has. This here is not protecting shareholder capital, the end goal is to not allow ISX directors their $500m perf shares which at the time were only worth $50m, everything else is deserved and because of positive reasons, there is great revenue, they broke even, ASX letting ISX into the 300 index, and finally the new investors buying in.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held