Look, I've commented on this before. I'm not being facetious but it appears that quite a few don't understand the process. The Federal Court is not going to permit an indefinite stay in perpetuity. It has to, and will, be brought to finality one way or another and it is not ISX/SP1 who will decide when that occurs. The ASX case won't be heard before judgment in ASIC v ISX & Anor is delivered. ISX/SP1 need to get this moving as per the Court orders. The monies paid pursuant to the security order are only expended if ISX/SP1 lose the case that they have (to date) been so confident of winning.
If they think that they're going to go down the spout in the ASIC matter, then so be it. If not and, as suggested, "a positive result for ISX from the ASIC v ISX case will put the final nail in ASX's coffin", then pay the monies forthwith, demonstrate a level of confidence, and get a hearing for late 2023 listed in ISX v ASX. In short, if things are going to be a lay down misère against ASIC with a rosy outcome, then why delay now?
SP1 Price at posting:
$1.07 Sentiment: None Disclosure: Held