SP1 0.00% $1.07 southern cross payments ltd

JK as NSX interim CEO, page-64

  1. 6,681 Posts.
    lightbulb Created with Sketch. 1545
    None of the 4 banks funded child pornography and money laundering. All the banks did is indiscriminately allow anyone to use their facilities when they should have made obvious restrictions. They obviously did it so more money flow through = more profit. It was an operational issue and not a disclosure issue. The profit itself was real and genuine, and the royal commision made sure of that. It is an entirely different ball game, something that holders here absolutely refuse to accept. If we are talking around the context of the 4 banks then an example of a disclosure issue that would require suspension is if hypothetically the banks lied about how much profit they have made. For example, lets say the banks did a merry go round with their money to inflate figures. The big 4 obviously didn't do that at all as proven by the result of the royal commision.

    You are free to make comparisons, etc but it would be entirely useless. Twisting logics to suit your imaginary narrative maybe effective to alleviate a little of pain temporarily but it would not change the real outcome.
    Last edited by aniesbaswedan: 15/03/20
 
watchlist Created with Sketch. Add SP1 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.