So what did OM/media know that has not already been dealt with appropriately and convincingly by JK.
1) Performance rights and limited disclosure that led to revenue increase (till June 2018)? 2) Ownership and related party transactions? disclosure concerns? 3) KAB?
These matters have been discussed and any insinuations of wrongdoings have been refuted by the company many times. Please read ISX's 17th September release 'response to ownership matters'.
IMO, ISX needs to work with ASIC, where books will be reviewed (largely related to matters discussed above). Why? because ASIC wants to rule out any misdeeds or illegal acts to protect shareholders. Given ISX's exponential growth, inclusion into ASX 300 and also being a reg tech firm, the need for ASIC to intervene is now (right after extreme price volatility), not after 4 years. The business model has many moving parts and revenue streams, so understandably the review will not be quick.
We saw a glimpse of ASX's questions as well and ISX's reassuring responses to them. So far JK's track record with ISX has been remarkable and as a result, I have a great deal of confidence that he will see this through...for ISX and for us 'shareholders'.
And once we are back, I think independent/media outlets like OM/AFR, etc, will have to take responsibility for the mess they created by passing on unsubstantiated news as facts. All in my views only.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held