I’m never going to claim ISX management have been angels, however I feel like ISX shareholders have been “thrown under the bus” by the ASX.
Compare how the ASX has treated GSW, with an investigation by ASIC and subsequent legal proceedings against GSW:
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-039mr-asic-commences-civil-penalty-proceedings-against-getswift-limited-and-its-directors-bane-hunter-and-joel-macdonald/
The ASIC claims against GSW are very detailed:
https://download.asic.gov.au/media/5014665/19-039mr-getswift-limited-concise-statement.pdf
However GSW has remained trading except for a short suspension, and as far as I can see, the ASIC accusations have not be released to the market or investigated by the ASX.
