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Something is very wrong. Is anyone watching? Does anyone care? Can this be another government screw-up?, page-186

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aniesbaswedan

6,681 Posts.

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28/10/20

11:38

Post #: 48449340
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Originally posted by aes411: ↑

All good, just different points of view.

We haven't seen the conversations between ISX and Visa so it's difficult to form an unbiased opinion.
However, I believe the independent expert has seen them, and I've re-read the report and can understand their point of view.
My belief is ISX wanted to work with Visa to the extent ISX wouldn't be restricted in its own growth plans, so it's very likely they couldn't agree on commercial terms.

I don't trust the AML assessment though and I understand why ISX didn't want to disclose AML-related as there were legal and regulatory issues that carried broader scope than the ASX listing rules and that information being revealed to the wrong parties could be used for damage to ISX's reputation in the midst of sensitive negotiations with other potential customers.

It's disappointing ASX decided to give its listing rules greater weight to protect its own interests and that's unbefitting of its position as a market operator. That's the point ISX's CEO was making.

That's my take on the whole thing; as some have stated, there's a lot more to this than what's being revealed to us.

Expand

No the independent expert has not seen them as evidenced by the snippet of report that I had included in my earlier posts.

Originally posted by aes411: ↑

Yes ISX didn't provide full disclosures on the Visa matters but I understand why and I'm content with the reasons.

ISX disclosed in the ASX queries they believed it was due to brand risk and derogatory media and looking at all the information before me, that's what I believe. I don't believe any of the AML nonsense and if I were ISX's CEO I'd have taken the same position. So I'm confident and happy with my board.

C'mon we all know AUSTRAC isn't corrupt otherwise it won't have been able to take on the big banks and win. AUSTRAC isn't a lame duck either so by now we'd have heard something (since March). It's not that difficult, is it?

FCA gave us the AEMI - what do you have to say to that? They are incompetent? How dare FCA award the AEMI to a lying, incompetent institution?

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There can be no reason, ISX lied straight to your face, not just once but multiple times.

FCA gave Isignthis UK the AEMI but it is worthless and it is not a guarantee of anything at all.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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Something is very wrong. Is anyone watching? Does anyone care? Can this be another government screw-up?, page-186

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