Melbourne, 23rd June 2020 : iSignthis Ltd ("the Company") discloses that the Company has made an application to the Federal Court to:
Extend our Statement of Claim against the ASX to address the ASX’s Statement of Reasons, and its veracity under s1041H of the Corporations Act.
Introduce a damages claim for what ISX alleges is the misleading and deceptive conduct by the ASX under s1041H of the Corporations Act.
Seek initial damages flowing from this specific issue in excess of $27 million.
ASX had hoped it would be on the day of the AGM (17 July, 2020) but it was moved to 28 July,2020.
I think that ASX asked for it to be moved to give them more time to prepare arguments. ASX has not agreed to allowing ISX to change the statement of claim so ISX is going to court so that it will be accepted.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
