Hi
@RodeoshowPost #:47444514. ASX writes its own listing rules (which are approved by the Minister). Supporting documentation (which also ASX writes) pretty much says ASX can do whatever they want. It makes me very angry - hence my foul mood lately. Must get a hold on myself.
If you are interested, see these two ASX documents:
https://www.asx.com.au/documents/about/managing-regulatory-conflicts.pdf and
https://www.asx.com.au/documents/about/fair-orderly-transparent-paper.pdf.
It appears to me that ISX is not attempting to fight this at the listing rules level but by arguing sections of the Corporations Act and therefore may have a good chance at winning.
In the past we have been asked the question in hot copper "would we ISX supporters apologise for all of our posts if we lose". I said at that time that I, for one, would not, since all of my arguments are based on what is visible and as such is not speculative. But now I would even go further than that - I would say unless there is a "smoking gun" that shows real ISX corruption to which we do not have access, I will definitely feel there has been a travesty of justice if the court decides solely based on ASX's right to enforce the listing rules as they are written.
I don't think there is a "smoking gun", however since based on ASX's past performance and as ASX has repeatedly said it must do, ASX would have announced it to the market.
