SP1 0.00% $1.07 southern cross payments ltd

Ann: ASX Update on status of ASX Directions, page-405

  1. 246 Posts.
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    Just catching up the day's posts.

    From what I have seen, ISX was willing to escrow the complete package of the shares issued under the performance arrangement - as a shareholder, that seems reasonable and satisfies my concerns - effectively, those shares don't dilute my share of the company until the investigation is complete and never if there is something significant found. ASX seeking more details seems to be a personal vendetta against JK and/or ISX and isn't acting in the best interest of shareholders.

    ASX should accept the escrow - being the full number of shares issued under the performance arrangement, and if issues are found, cancel the shares. That protects shareholders!
 
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