That's an interesting structure. I think it kind of works a bit like an option for ISXEU. For example, if a case is going badly for ISX and there is a risk of costs being awarded or fines, I assume ISXEU can walk away from this funding agreement. Failing to perform as per the contract is hardly likely to see ISX sue ISXEU as the registers are identical. On the other hand, if ISX look like winning the ASX case, ISXEU gets a share of any damages.
Quite clever really.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Not Held
