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$1.07 southern cross payments ltd

Ann: SP1 delisted from ASX, page-292

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pomhat

2,035 Posts.

531

04/11/22

23:31

Post #: 64600698
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Originally posted by Advent1969: ↑

LOL -you must have missed the memo

ASX wanted their security of costs on an ongoing basis, estimated at between $8-10 to run the case (from open court)

ISX would've needed same

Now run the numbers with $15-20m required, and appeals that could take 7-9 years, with further mounting costs.

Cashflow would not allow anything else to get done - no growth, no expansion - everything on this one "bet", where management doesn't control the sub-variables, as you do in business.

All the bet hinges on one guy with a wig.

Yep, easy decision.

Expand

and all of that would have been well known to ISX before the litigation was even first commenced

its not a new development, the public backflip is what’s new

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
7 Upvote

4 Great analysis

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