SP1 0.00% $1.07 southern cross payments ltd

ASIC v ISX Hearing, page-1042

  1. 1,971 Posts.
    lightbulb Created with Sketch. 1975
    So do you expect ASIC to remove the Board? Let me let you on a little truth, that won't happen.

    Second, your post is fair, being honest as I can. You have an issue with JK, but let's just say this plays out exactly how you think it will and JK gets kicked out as CEO. What next? Is it too far stretched to say he will become part of the Board or some sort of figurehead at the head office? Nothing will change he will remain as the controlling shareholder with whatever BVI/Trust/Red5/Blue10/Green420 entities.

    It does have legs, but why? Would it be right in saying it has legs because of what the BoD did with Shareholders and save whatever they could in moving? It's an honest question. I don't see any way ISX would even be alive today if shareholders & BoD didn't do what they did. Pure luck or Master Stroke? Who knows but hey who cares if it does survive?


 
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