SP1 southern cross payments ltd

Fake News AFR at it again, page-8

  1. 852 Posts.
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    Looks as though the suggestion in the AFR piece is that the funds which were transferred last year which allowed them to trip over the line revenue wise for performance shares may not have been legit. So did the Director's of ISX have something to do with these transfers in order to trigger performance share targets?

    As for the impact on the share price, I'm guessing a concern from some holders may be that it will be suspended until these questions can be adequately addressed and so they might want to liquidate their holdings to get in front of such a move. I'm not predicting a suspension at this stage but with a finance company perhaps APRA will step in before the ASX.

    The soap opera continues.
 
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