SP1 southern cross payments ltd

GPTV October 2019, page-21

  1. 1,422 Posts.
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    if the 300million odd shares are found to be distributed incorrectly then I very much doubt it would be suspended for a few years as the bonus shares are under a couple of entities. Everyone knows theIr share ownershIp (except management that benefited from the dIstrIbution) - that won't change.

    What that could mean though (If the 300 mIll shares are forfeited) is ISX has a potential for a takeover, as a sIngle entIty could acquire more than 50% of the company, isx have a good Income and low debt - meanIng a great target. It also means that the P/E ratIo would go up by about 30%

    So your down ramp proposal is something like the other accounts you probably hold - full of holes, usIng fear and poor data to try to maximise your own balance sheet.
 
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