SP1 southern cross payments ltd

Ann: ASIC v ISIGNTHIS LTD & ANOR, page-51

  1. 704 Posts.
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    Another piece of spin that has been taken as gospel. A highly conditional escrow that mgmt knew could never be accepted was offered. Shareholders should ask mgmt why a standard escrow was/is not acceptable.

    Offer a standard arrangement with no conditions, tell shareholders/the press/the world you have done so and make a fuss if not accepted. But instead a fake proposal has been made and there's been no sign of effort from mgmt to make a real escrow effort. It's all smoke and mirrors and shareholders should put the pom poms away and ask their mgmt team why that is.
 
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