Hi
@jas1967My take on the future is as follows:
1) Court case - it's going to get down to whether or not ASX can do whatever under the Listing Rules. Court documents show the Chief Compliance Officer went out of his way (spitballing) to suspend the Company (and disregarded the cautious words of ASIC and colleagues) after trading email blows with JK. He's now red carded for the rest of his career.
IMO, the performance shares are a side issue to the case and largely smoke. The Company's auditor signed off (and hasn't pulled their Audit Opinion) on the 2018 Revenue. ASIC can't find any issues with the Financial Statements. Hard to see the FC will take a contrary view to the professional opinions on the table.
For what it worth, my view is that Court will rule that ASX can't interpret the listing rules far and wide and needs to behave reasonably - much like the FC just found in the Novak case - reasonableness is expected. And furthermore I can't see the Federal Government allowing ASX to behave unreasonably given ASX operates under delegation of ASIC whom administer the Corporation Law.
2) Have a read of the SH update on the ISX.Financial website in particular pages 13 & 18. The growth in Sepa transactions is most impressive and do some Googling of the customers. In particular Entain group.
The future looks extremely promising to me. I'm also very heavily invested and my positive spin on my own situation is the inability to trade means I have been forced to hold and not fiddle with what may turn out to be a life changing investment.
Don't worry too much about the negative posters. I think we are trading insults with a mix including staff from: OM, ASX, AFR, shorters whom are being paid to create negative sentiment around the stock...and if I the negative posters aren't being paid to sit here, seriously ..!!
There's some fantastic posters here, some who have done incredible analysis of the situation.
