@NashaNasha the actual figures are actually much more damning and a direct reflection of non holder interest in ISX.
From March 2016 there were 1453 million shares traded until suspension. Excluding the week before suspension when the SP stabilized, the 3 weeks before that and directly after the short report there were 362 million shares traded.
So in the 183 weeks after March 2016 there were 1071 million total shares traded at an average 5.85 million shares per week and in those next 3 weeks 362 Million shares traded at an average of 120.7 Million shares per week. No wonder the company and holders were initially keen for the stated reason for suspension "share price volatility" to be investigated. The subsequent actions of ASX led the investigation and narrative away from this eye watering, gob smacking trading and consequently also the attention of the company and holders.
Now when you consider that Management, insiders and the top 20 holders possessed 850 Million of the approx 1.1 Billion SOI and sold none apparently and probably 50% of the remaining stock was also tightly held by committed holders then from my reckoning only 100 - 150 million shares were actually available. Now if that does not warrant some scrutiny and investigation from ASIC and ASX one wonders just what is going on for that not to be even a consideration.
Now when you consider who might stand to lose if NSX/ISX implement a Blockchain based Open trading platform that would expose just who traded those 362 Million shares then you can start to see the forces that have lined up to destroy ISX as it stands to kill the goose that laid the golden egg that continues to thrive behind the anonymity of the closed trading platform currently run by ASX. It is no coincidence that the proposed new blockchain platform to be implemented at some point in the future will be a closed system as well.
