SP1 0.00% $1.07 southern cross payments ltd

Ann: Suspension from Official Quotation, page-325

  1. 359 Posts.
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    I think you will find the suspension is the only means the ASX has of controlling the trading in the stock , the volume and liquidity has been massive and they are doing it to maintain market integrity and shareholder value, they will issue a few questions to the company and analyze the trading from broker reports , my hunch is they are worried about the shorters and how easy it is to move this stock around due to its capital structure and number of shares on issue. Its really the only option to keep the lid on the stock temporarily as speeding tickets will just add fuel to the fire , i wouldn't be worried at all about it , the most likely outcome will be the company will answer all of the ASX's questions there will be no issues and the stock will come back on the boards , seen this before in stocks like CAG which ran from 20c to $2 the ASX suspended it and then it continued to go higher to $2.50.
 
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