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goforit99 30/09/20 18:04 Post #: 47749465To add to your post...

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01/10/20

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Originally posted by goforit99: ↑

Grant Thornton allowed ISX to put the statement “Revenue was audited by Grant Thornton and properly recognised in the Relevant Period” (2018) in the ISX Official Response to the ASX SOR, and also backed up that statement at the ISX AGM on the 17th July 2020 when Grant Thornton responded with “we stand by that audit” when asked to give their opinion of that audit at the AGM, knowing that they will probably be asked to “take the stand” at the ISX vs ASX Federal Court trial. It also appears that Grant Thornton were replaced by ISX with BDO Audit Pty Ltd to avoid a “conflict of interest” as this will give Grant Thornton more credibility when they “take the stand”. I give much more value to a reputable auditor prepared to back their statements in a Federal Court trial than “someone” with “perceived” anonymity on HC. Not even ASIC, with their investigative powers and ability, has announced any evidence that contradicts the Grant Thornton 2018 audit that led to ISX receiving the performance shares. Grant Thornton have also had nearly 1 year to announce any review of that Audit, if they had a need to review that audit, especially knowing that they will likely need to “swear oath” in the Federal Court, they would have announced a review and completed it by now. It is not ISX’s business to know the corporate structure of a client.Most international payment companies i.e PayPal are only required to verify the company that the client is using to trade with, knowing the corporate structure, (other subsidiary companies or businesses associated with the umbrella company), is the job of ASIC or other regulators that give licences. ISX has only ever provided payment services to licensed companies at the time of that service. Looks like we have another “funded downramper” trying to back up the ASX “smokescreen”. I wonder if this new “downramper” is being funded by criminal money launderers, ISX competitors, “dark pool” groups or fund managers who have shorted ISX.

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goforit99

30/09/20
18:04
Post #: 47749465

To add to your post goforit...

The auditor is more than just "reputable"...

He is a Registered Company Auditor. This means he is registered and regulated by ASIC - Australian Securities & Investment Commission - under the Corporations Act 2001.

RCA is not an easily obtained or maintained registration for an Accountant/Auditor and not something you put at risk with audit sign off of a company financial statements unless you are satisfied with your position. The auditor is paid their fee irrespective of their findings

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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goforit99 30/09/20 18:04 Post #: 47749465To add to your post...

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