if ISX delisted and went public unlisted, and then was turning a profit, it would be pretty tempting given the current NSX ties and ISX Top 20 tightness to go private (that is, become a a private australian company rather than a public unlisted company).
that would be what i would do if ISX was profitable and driving NSX.
Resolutions for Company to seek delisting from ASX and listing on another exchange, page-38
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