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Ownership Matters, page-4

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11,142 Posts.

478

06/10/19

09:02

Post #: 40744424
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Originally posted by hotmix87: ↑

I agree. Lets do more than hope

ASIC has an investigations division. We should put these questions to ASIC as concerned holders

Australian Securities and Investment Commission
100 Market St
Sydney, 2000

ATT ; Investigations and Complaints

Dear Sir/Madam,

RE : iSignthis Ltd Share Volatility Investigation.

I am are aware of a report authored by James Samson & Dean Paatsch of Ownership Matters Pty Ltd AFSL 423168 ("Ownership Matters") dated 10th September 2019 (Report).about iSignthis Ltd ("ISX").

I am a shareholder of iSignthis Ltd ("ISX"), and I am concerned that the Report was authored by a Financial Services Licensee of ASIC, without having any regard to statements and disclosures made by the Company on the ASX. ISX's disclosure "Response to Ownership Matters Pty Ltd Report" dated 17/9/2019 refers.

The Report states that Ownership Matters has not met with the Company, and has formed its views without any input or right of response from the Company.

Alarmingly, the Report contains the following disclaimer:

"Ownership Matters does not provide any warranty as to the accuracy, reliability or completeness any information which is contained in this document. Except insofar as liability under any statute cannot be excluded, Ownership Matters and its directors, employees and consultants do not accept any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission in this document or for any resulting loss or damage (whether direct, indirect, consequential or otherwise) suffered by the recipient of this document or any other person.
This document has been prepared without consideration of any specific person’s needs or investment objectives and constitutes general advice only. It is for the use of clients of Ownership Matters only and may not be distributed to anyone who is not a client of Ownership Matters."We request that ASIC investigates the matter, including:

-who hired Ownership Matters to write the report
-what were the motives for having the report written
-did the report have an agenda or was it written from a balanced context reporting both positives and negatives
-what research methods were utilised to gain the information within the report.
-why was the company not asked any questions regarding any context of the report
-why did the report pose questions and not answer them with the research undertaken
- why was the report sent to some shareholders and not others.
- if it was a private report why and how did it become public knowledge that the report existed
-what was the distribution of the report trying to achieve
-who benefited from the share price volatlity, which led to the suspension of ISX on the 2nd October.

Yours Sincerely

[A whole lot of us ISX shareholders]

Lets all spend $1 and 5c on paper and post this this week.

With that disclaimer, Ownership Matters reports cant be more than toilet paper can they. But, if you smear the used paper, it creates a mess for everyone, as it has done here.

Expand

the report was sent to paid members/subscribers to ownership matters, most of these being funds.analysts

if you want ASIC to take you seriously, you need to clearly articulate what your issue is, not just list numerous grievances that shows you haven’t done your own research and are merely a disgruntled shareholder. ASIC’s resources are stretched so make your point clearly and quickly

ISX Price at posting: $1.07 Sentiment: Sell Disclosure: Not Held
6 Upvote

0 Great analysis

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