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RIDGEWOOD

555 Posts.

158

25/09/22

17:33

Post #: 63868173
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Originally posted by ChillingOut: ↑

I agree with bringing it home to roost against the ASX. However, no litigation funder will take this on, nor should they. The directors of ISX/SP1 stated that they would robustly pursue ASX, verbally and in print. They should be following through with their promise to shareholders. The commonality between ISX/SP1 and ISXFEU demands that ISXFEU stand firm. They stripped the former of their IP and left a corporate veiled shell.

It's a terrible dilemma for those directors - they relinquish an action against the body they say has persecuted them, yet at the same time ASIC are in the wings watching it unfold asking why such a case (pitched at $500M) is being abandoned. So too will ASX lawyers when costs arguments arise. Sometimes those in litigation just paint themselves into corners.

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"Officer of the court", you have done your dash.
Cheers.

SP1 Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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