SP1 0.00% $1.07 southern cross payments ltd

Ann: AGM- Managing Director & CFO Report, page-26

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  1. 821 Posts.
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    G.S. was not present. Clearpay was not discussed at any great length other than to suggest that when it's up and running it will be extremely competitive against the ASX which has been stated previously, has amongst the largest fees for settlement in the world. Some 8times? higher than some exchanges. Our lawyer was also present at the AGM and also spoke, just reaffirmed what we already understood and JK's comments to the unfair and unjust treatment of ISX as compared to others in the market. It was suggested that we don't understand why we are not trading! The market is now fully informed. Others on the exchange are trading whilst having governance and court issues. It's all got to do with the ASX requesting copies of our in confidence legal advice. We refuse to provide and asx refuse to relist as Isx under the listing rules is required to provide any documents they request. There was also a chuckle as to who from the ASX is gonna take the stand when we question them over the WBC non suspension!
 
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