It is well known you have a personal beef with ISX. I understand that it has to do with whether you did your job or not. You should let it go. You lost in the courts, so you should let it go and give us all a break.
There is a big difference between the courts asking for 100k in the Lakspur case and the courts asking for $2.67m based on ASX's admission that they needed to spend excessively on legal fees to protect their reputation. Strange how ASX didn't care about ISX's reputation when publishing very pubic query letters (and subsequent reporting of same on AFR) which insinuated that ISX was:
- money laundering,
- dealing in cryptocurrencies,
- corrupt because the bank (KAB) may have been corrupt,
- lacked due diligence of customers when ASIC and other agencies upon whom ISX depended upon failed in their job determining the customers to be corrupt (their corruption was through telecommunication companies, not through ISX)
- corruptly earned performance shares
- corrupt because they didn't earn the expected income in the later part of 2018 and ASX/ASIC refused to recognise the significant upstream technical issues ISX had in processing transactions to return that expected revenue in that period.
No hard evidence has been found in 3+ years to support the above suspicions.
Granted it was right for ASX and ASIC to investigate their suspicions. It was just plainly
- wrong to suspend on suspicions that came from the OM playbook until ISX had been properly quietly investigated and hard evidence was found,
- wrong to suspend on only one complaint - and that complaint was not from even an ISX shareholder,
- wrong to publicly ask the insinuating questions and not leave it to ASIC to investigate privately,
- wrong to not understand the impact that multiple technical issues had on ISX income in the last half-year in 201,
- wrong to manufacture a non-disclosure issue concerning VISA and not be transparent about ASX/ASIC alleged involvement in this non-issue (no valid complaint has been made regarding ISX anywhere in the world).
- wrong to not accept the advice of the independent auditor that ISX had not committed a violation of non-disclosure rules regarding VISA.
Yes, I will be truly sorry if the ISX vs ASX case does not get resolved. But, I will
not support a futile attempt to do so if ASX has the ability to keep escalating court costs with the result that it ends up stripping ISXFEU of necessary cash which inhibits ISXFEU from expanding to other parts of the world, or worse - ends up destroying ISXFEU.
The directors will make the right choice and I will support it.
