ELM interaction with ASX compared, page-2

First 2 Last

Share
Profile

Follow
Bobbylobby

876 Posts.

304

26/05/21

06:15

Post #: 53414219
Share

Originally posted by gregbris: ↑

ELM purchased PCSIL in March 2020 therefore
ELM were in increased communication with the Central Bank of Ireland (CBI) - a regulator around trying to get compliance for ELM card scheme since December 2020. with (it seems) none of those letters actually asked for by ASX in their 'investigations'.
ELM said that the letters covered a 'range of regulatory and compliance issues including governance and internal controls'. the goal of the communications was to assist ELM in 'ensuring compliance'.
these communications were deemed by ELM as not having a 'material effect on price or value of ELM's securities. Ann 25/5/2021.

As far as I can tell - ASX has not asked for any of theses communications.
How can ELM get an unexpected letter/ phone call from the regulator (CBI) on the 13th of May around lack of compliance ('raising significant regulatory concerns' ) when there was increased communications from the regulator from mid December 2020 mentioned in the same Ann?

Yet it seems as though their CEO sold over $16 million (from a news article easily found) in late April 2021.
At least one news article mentioned to be outside of the trading window for the shares.
Some Fund managers dropped the share in February 2021 was also mentioned - AFR 19/5/2021 'Smart Money Sold EML Payments in February'. (coincidence? )

AFR 18/5/2021 'UBS opens window for ELM Payments CEO' - for the CEO selling story.

ELM trading halt - under a week.

ISX trading halt - a little over that.
ISX documentary requirements, a little more than 5 pages.

ASX are you sure that's fair and balanced?

ASX are you doing your 'regulatory' duties ?

Expand

why worry about other cases there is more then enough worry with Isx

ISX Price at posting: $1.07 Sentiment: None Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

GED

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

There are more pages in this discussion • 112 more messages in this thread...

First 2 Last

Add SP1 (ASX) to my watchlist

ELM interaction with ASX compared, page-2

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Immutep reports strong response rate from immunotherapies treating carcinomas

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Featured News