ISX, page-13

OriginallypostedbyBettmeister

HasanybodygotaviewonISX?Gonefrom15cto1.60inshortperiodandnowbackto1.00?Ihavedonesomeresearchonthiscompanyandhavesomemajorconcernsaroundit’sreportedrevenues.InJune2018revenuesforthe6monthsjumpedincrediblyto$5mfrompreviouslevelsofaround$1Mandthisresultedin335msharesissuedtothemanagementuponbackdoorlistingvesting.Thecutoffdateforvestingwas30June2018soonebigcoincidence!ThenthecompanychangeditsyearendfromJunetoDecemberfornorealreasonandrevenuesforthenext6monthswereonly$1mbutwerehiddeninthenewfullyearresults.IamaforensicaccountantandIseemanyredflagswiththiscompanysojusttreadcarefullyasthechipsmaycollapseoncemorepeoplebecomeawareofthisinformation(whichisallpubliclyavailablebutjustwellhiddenbymanagement).

The accounts have been audited by Grant Thornton.

From the 2018 AR:

The second half of 2018 has concentrated on the further establishment of the business and completion of Tier 1 banking connections and infrastructure so that we are able to scale operations in 2019 without the constraints experienced in the past by third party partnerships.

This has meant a step back in revenue growth during the past 6 months and an investment of time and money in to the exciting ISX future. I am pleased to report that this work has now been completed and we enter 2019 unencumbered to now operate and grow the business on our own terms.