I haven't posted here for a while but have been closely monitoring the situation as are many others no doubt.
In my opinion, the ASX SOR is more accurately described as a statement of accusations, and the fact that it has taken 7 months of intense investigation to compile, subsequent to the suspension is perplexing.
In my honest opinion, the ASX SOR does not justify the treatment of ISX and I am yet to identify any factual reasons, substantiation and / or justification for the suspension occurring.
Also in my opinion, the ISX official response is a high quality statement of factual information and points of law that has been reviewed by the ISX legal team in response to a defamatory ASX statement of accusations.
Taking my above points into considerationwhether they are ultimately proven to be correct or incorrect, a fact is that the Federal Court has formally expressed their unwillingness to weigh statements of accusation and criticism that are lacking factual evidence. Someone is going to come unstuck! Now granted ASIC could intervene here and flip this on its head however, my opinion remains that this is clearly a farce that has been triggered by a report released by a select group with a very specific agenda, and that this is not the way the Market Operator should be functioning. If this is found by the Court, it will as a result, also be found that more broadly, that the ASX is not a fair, orderly and transparent market. One should not underestimate the potential repercussions!
Many thanks to all educated posters that continue providing their valued information and opinions.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
