It is ASX that must hold the opinion under LR 17.3 as to why ISX...

It is ASX that must hold the opinion under LR 17.3 as to why ISX was suspended, so it doesn't really help that ASIC was satisfied with the suspension.

Also, if KL was trying to obtain information from ASIC at the meeting, it makes no sense ASX would go ahead without hard evidence. It was clear from the memo they were waiting for documents from ASIC to be able to proceed, which ASIC later refused to provide.

I don't trust KL; it would be better if his actual thought process were available for scrutiny but in the absence of that, if his own words could be used against him, then why not?