I disagree with you here but everyone's entitled to their opinion.
In my view, as long as ISX meets the listing requirements of the exchange, there won't be any difficulties. I anticipate the exchange would be interested in listing ISX if they anticipate there'll be strong investor interest e.g. in Europe where ISX's business is stronger than Australia. How much value ISX can bring to the exchange, as well as relationships, will be more important than these 'issues' with the ASX, which IMO are nothing more than minor, arguable listing rule breaches.
Why did SZL list in Australia? Why did Atlassian list in the US?
More importantly, as the directors have said, the company will be free of derogatory media, which only thrives because the ASX created an enabling environment. Most new investors (except possibly those making very big investments) wouldn't even bother digging into whatever the ASX is looking as investors are typically forward-looking. Where the company is headed is much more important in their investment decisions than what's been said in the past.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
