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10/12/21
13:20
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Originally posted by vjojojose1:
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you hit the nail on the head ASX needs to comply with section 792A(a) of the Corporations Act 2001; i.e. A market licensee must, to the extent that it is reasonably practicable to do so, do all things necessary to ensure that the market is a fair, orderly and transparent market; andFair; meaning ‘treating equally without favouritism or discrimination’. In contrast ASX relied on market rumours to publically humiliate officers of ISX (SOR’s), bullied them into revealing confidential information and continues the suspension till date WHEN other listed companies faced bigger and more serious allegations of misconduct, ASIC reviews and court cases.Orderly: meaning ‘Was it neatly and methodically arranged’ . In contrast ASX spitballed, relied on handwritten notes and took into consideration irrelevant information such as ‘Short report’ & biased AFR articles. If this is indeed true, they did not take the matter of suspension very lightly thereby seriously putting to risk the reputation of he company & its officers and deprived shareholding of their holdings.Transparent: meaning ‘easy to perceive or detect’ . In contract ASX actions were riddled with inaccuracies (SOR’s), inconsistencies (procedure to suspend & relist) and where one might consider a ‘fishing expedition’. ASX is my view is failed to comply with section 792A(a).
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Corrected If this is indeed true, they 'took the matter of suspension very lightly' thereby seriously putting to risk the reputation of he company & its officers and deprived shareholders of their holdings.