iSignthis (ASX:ISX) battle ASX

Company News

by Ortenzia Borre

iSignthis (ASX:ISX) have taken on an open battle with the ASX over its ongoing trading suspension.

In a written statement from ASIC, the tech giant announced the Australian Securities and Investments Commission (ASIC) did not request the halt, stating "the decision by the ASX to suspend iSignthis from trading on 2 October 2019 was not made with a direction from ASIC".

The ASX previously reported iSignthis was suspended from trading pending the outcome of inquiries by the exchange and the Australian Securities and Investments Commission and would remain suspended until further notice.

iSignthis chief executive John Karantzis said "this confirms the company's suspension from trading is purely at the discretion of the ASX".

The ASX has sent iSignthis a third round of questions and reports that trading will continue to be suspended until further notice.

Shares in iSignthis last traded at $1.07 on the 1st of October.