NXL How can this trade and not ISX, page-42

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Bananasphinx

699 Posts.

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15/07/21

10:32

Post #: 54517703
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Originally posted by naomhan: ↑

Yay. It's the same old argument. "This company did bad things. Why are they trading and we're not?"

Answer, as provided 100x over:

Because the market is informed of what's going on with them. The market is not informed of what's going on with ISX.
I don't love all of the ASX's lines of questioning, but they were absolutely methodical that every time ISX refused to hand over something, they documented that as a specific breach of disclosure rules. We have a bunch of outstanding disclosures that ASX have stated that the market must be informed of. ISX refuses. Can't trade if you're in violation of the continuous disclosure rules.

Yes, Westpac did bad things. They also got fined hundreds of millions of dollars for it. But the market was informed immediately. Two different situations and completely unable to be compared.
- One was charged with something very bad, accepted the findings, copped a huge loss, and moved on with trading.
- ISX was accused of something not quite as bad, but dug in. Fought tooth and nail. Made huge allegations against ASX. Refused to release information. Refused to admit wrongdoing. So now they can't move on and trade until a court sorts it out...

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are you the guy who wrote in to the money cafe podcast about isx a few months ago?

ISX Price at posting: $1.07 Sentiment: None Disclosure: Held
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0 Great analysis

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