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$1.07 southern cross payments ltd

Something is very wrong. Is anyone watching? Does anyone care? Can this be another government screw-up?, page-114

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Managerisk

513 Posts.

167

27/10/20

21:42

Post #: 48434720
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Originally posted by aes411: ↑

I believe they were made-up by Visa.

It was pretty obvious as far back as April or so when ISX stated derogatory media and brand risk in its response to ASX's query as it was pretty obvious ASX was proving the market a unilateral narrative and suppressing ISX's responses to maximise the effect.

Again pretty obvious from yesterday's announcement it couldn't have been due to AML concerns or "excessive" risk which had "been expressed several times" in the past and was so bad it required "a deep change in corporate culture" and "a complete redesign of the risk framework".

Only a novice wouldn't understand how difficult it is for an entity in good standing with a principal partnership status with strict on-going requirements and undergoing multiple annual audits to have a sudden deterioration in corporate culture and severe decline in quality of a risk management framework all in the space of just a few months. It's simply very hard under the same senior management.

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”I believe they were made up by Visa”..... this is my new fave quote in this whole debacle. Thanks for the laughs.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
6 Upvote

1 Great analysis

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