ASX Counsel making a point that ISX de merger docs say court case could exceed several $ million dollars. Raising point about ISX's capacity to meet ASX's legal costs. Registrar getting a bit testy - for what reason am I being told this?. ASX says a need to seek security for costs as applicants no longer in AUS.
ASX now addressing ISX capacity to meet adverse legal costs - going through ISX Financials and cash available on balance sheet....(IMO yawn)
---------- ASX Counsel making a point about ISX's capacity to meet legal costs. Now taking the Registrar through ISX's de merger documentation. (IMO smoke screen and flares now being deployed!) ------------- 28 people viewing the hearing -------------- Hearing now underway with Registrar Gitsham.
ASX making the point they haven't delayed the case.
ASX raising concerns ISX might not have funds if they loose.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held