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Tranche C would not have passed with the current corporate...

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30/03/22

23:25

Post #: 60533967
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Originally posted by Gold Bugs Bunny: ↑

Remarkable (emphasis mine):

(b) in relation to sub-paragraph (b), ASX:

(i) admits that Kevin Lewis, ASX’s Chief Compliance Officer at that time, made the decision on behalf of ASX to suspend ISX’s securities from quotation on the Australian Securities Exchange;
(ii) admits that ASIC agreed that ASX’s announcement to the market could refer to ASIC making enquiries;
(iii) says further that ASX decided to suspend the securities of ISX from quotation on the Australian Securities Exchange, in consultation with ASIC, in the following circumstances and because of the following matters:
(A) speculation in the media as to whether ISX’s revenue for the six- month period ended 30 June 2018 (Relevant Period) had met the milestones required to trigger the conversion of certain performance shares held by iSignthis Ltd (BVI), an entity associated with ISX’s board and management, into fully paid ordinary shares in ISX;
(B) the volatility in ISX’s share price;

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Tranche C would not have passed with the current corporate governance of isxfeu. Tick
Volatility. Tick
Paragraph 1. Isx signed onto ASX listing rules to play in their sand pit. Tick.

isx non compliance was moments away wrt query letters.
ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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