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09:59
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Originally posted by benny211167:
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I In relation to Isignthis’s ASX litigation rug pull,I don’t think the disingenuous nature of it can’t be underestimated. It was used to deceive Australian investors to move assets off shore together with the largest shareholders interests. It’s as simple as that. The excuse, reason to abandon the proceeding by Isignthis which was stated as ( an asset in the demerger proposal) is an absolute con. The hollow excuse to withdraw the litigation was that the ASX were dragging the proceedings out trying to bleed ISX financially. It’s Total BS. ISX were the litigant and continued to add to the original Statement of Claim. There was a 2nd, 3rd amended Statement of Claim. ASX went to the Court to secure a security of costs is standard fare. The Board of Isiignthis would have absolutely expected this. They litigated because it suited the narrative to demerge. The demerger didn’t require moving assets off shore. The hollow excuse to withdraw the litigation was that the ASX were dragging the proceedings out trying to bleed ISX financially. It’s Total BS. ISX were the litigant and continued to add to the original Statement of Claim. There was a 2nd, 3rd amended Statement of Claim. ASX went to the Court to secure a security of costs is standard fare. The Board of Isiignthis would have absolutely expected this. They litigated because it suited the narrative to demerge. The demerger didn’t require moving assets off shore.
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Talking of litigation benny. deceive Australian investors to move assets off shore together with the largest shareholders interests." seems to be a good fit for some litigation.
