SP1 0.00% $1.07 southern cross payments ltd

Ann: Appendix 4C - quarterly, page-68

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  1. 47,919 Posts.
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    Interesting questions @Solidrock2020...

    1. I don't know for certain but the deal was voted in by holders, it was approved or at least passed without comment by ASX, the whole matter is past. I bought in with knowledge of the history. I decided on fundamentals the co. was good to own and would rise in value with a reasonably moderate probability. I didn't worry unnecessarily about the perf shares... it was history.

    2. The co. said that the NSX deal was planned 12 months before execution. I don't doubt this because such a move would require a lot of preparation and would require research and approaches for legal approvals. Asx would probably have been aware of ASIC/ISX work.

    3. is a pretty full question. Although I don't understand crypto sufficiently to comment on whether ISX is planning as you suggest... it all reads pretty dodgy to me. If they did there'd be a lot of interest I'm sure, and the co. could make good revenue - but its the way you describe it that has the undertone of nefarious actions rather than sound business practice. Yet if its a legitimate trade that has good social recognition... crikey its not as bad as many other legal trading platforms... crypto may be a winner - but not in the such a dodgy manner as you describe.

    4. Only 4% against... a bit of a foregone conclusion really... I abstained due to the splinters in my backside. I trust the BOD to do what is right for the co., including all legalities and profitable moves.

    You have my answers, now how about yours?

    cheers Scott.

    PS, doesn't anonymity mean that you can be anything you want? doesn't this include liar, troll or paid manipulator as much as honest... I've worked with all sorts... this lot are pretty cool.
 
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