SP1 southern cross payments ltd

Ann: Shareholder Update, page-18

  1. 338 Posts.
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    The ASX response does sound defensive, and a little 'tit for tat' to me. Strange? I would have assumed they'd just ignore the release and remain professionally silent until they had completed investigations, and made a decision on actions. It seems like a small amount of emotion might be underlying the otherwise carefully crafted, verbose ASX statement that broadly says little of use to shareholders.

    The little we did learn is fact ASIC didn't request the suspension. Something ISX saw as material to shareholders, and worth posting, together with a thinly veiled frustration. Do we see this as material here? I guess it could matter, given their differing jurisdictions and obligations. It may also lend more weight to the fact the ASX suspended due to volatility in the share price (as they have directly said), as opposed from being forced to do so by ASIC, and using this as a smokescreen.
 
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