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So what legal action did the market or any party take after the...

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StockMcduffins

140 Posts.

64

08/03/21

19:40

Post #: 51608905
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Originally posted by JoeGambler: ↑

That's why the statement of reasons was made public, because ISX is owned by the public and on a public exchange which requires disclosure. ISX tried to prevent the publishing of the reasons and lost. Because of the release of the information you know the reasons for suspension, without the publishing of the SOR you would be in the dark. Well, actually only up until ASIC launched legal action and published their SOC, which alleges many damaging things, so in effect the damage to the company's reputation was always going to happen once ASIC started investigating. Banging on about how and why ASX released the SOR is redundant now that ASIC released its SOC.

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So what legal action did the market or any party take after the SOR was released if it was for us? Surely there was a purpose for any follow up then? They don’t have power to summon so it doesn’t make sense to call it anything more than an opinion? What came from the release of the SOR as the market is still in the dark until the court case comes clear with evidence.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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