SP1 southern cross payments ltd

Noob questions re: delisting, page-34

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    ASX has made it clear it has no intention of reinstating ISX's shares to quotation by not giving very specific conditions.
    Note the statement conditional on ASX being satisfied below:

    https://hotcopper.com.au/data/attachments/2374/2374361-35a3ec9626e3a81fc743da3f86a55f5d.jpg
    Even if ISX in some way manages to 'rectify' these breaches, all the ASX would do is find a new supposed breach of listing rules (particularly 18.7 which is very broad) and use that as an excuse to keep the shares locked up. This has been the pattern from day 1.

    The earlier we delist from this exchange the better.

    With the way things are, IMO ISX is better off focusing directors' time on:
    - growing the company and innovating
    - finding a new exchange to list on
    - continuing to sue for damages

    Our shares will continue to increase in intrinsic value as long as the company keeps growing.
    Last edited by aes411: 12/08/20
 
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