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China Sports Development: the farce continues - does ISDX give a flying wotsit about its own rules?

By Nigel Somerville | Friday 15 January 2016

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

As far as I can see ISDX Rules are perfectly clear. Perhaps as a mere pleb I just don't understand, but my reading of the rules is that companies listed on the ISDX Growth Market will be booted off after a maximum of six months' suspension. China Sports was suspended on 9 July 2015 yet here we are six months and five days on and there has still been no execution. Why? Meanwhile we have a new board and all of a sudden proposals to raise new money....and Beaumont Cornish has been announced to have resigned as Corporate Adviser (the ISDX equivalent of a Nomad).

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