ISX Board Presentation, page-14

Take a guess why its being rubbished? Hmm well maybe because representatives of ISX and board post on this forum and don't like the idea of any extra transparency except the bare minimum required by the law. Remember, ASIC made them rewrite the prospectus because the board conveniently left out details relating to the ASIC lawsuit in the first attempt (you know, the details about ASIC wanting to ban the CEO for allegedly ripping shareholders off for his on benefit), and a clear disclaimer another listing of ISX may never occur despite concerted efforts to heavily imply this is the reason for the demerger (it isn't)

...hmm if that doesn't tell you something about the board's approach to shareholder accountability and transparency I don't know what does....

Remember again, several board members were direct beneficiaries of the disputed performance shares ASIC is now suing the company and CEO for, among other allegations.

"The corporate regulator has forced iSignthis to issue a new prospectus for its planned European spin-off which details the watchdog’s plan to ban chief executive John Karantzis from managing companies and warns prospective shareholders the demerged company may never list on an offshore exchange and will not enjoy the protections of Australian laws."

AFR