To my knowledge, the ATO aren't looking to freeze ISXFEU from anything. Just prevent JK from selling. Of course, now that he's got the shares moved overseas, that's much harder to enforce. [Note before itzgr8 jumps up and down that "nothing was moved" - JK previously had Australian company shares, now he has Cyprus shares. He's moved his shareholding overseas.]
I think the ASIC case is more likely to delay as well, though I know that on a lot of stock exchange listings, they look into current lawsuits involving the company and KMPs, so questions may be asked. But again, regulatory action will probably be more relevant to a potential exchange.
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