SP1 0.00% $1.07 southern cross payments ltd

Ann: Updated Statement of Claim ISX vs ASX, page-225

  1. 1,634 Posts.
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    Saving us because if potential (and possibly existing) clients get hold of the info, they won't want to do business with ISX. And that's exactly what happened.

    WIth legal costs mounting and reputational damage likely, his main priority would have been to ensure the business continues running and generating cash. Cash is the lifeblood of any business.

    "I honestly have no idea what narrative exists to justify ASX pursuing ISX, other than belief of guilt"
    Only ASX and ASIC seem to know. We know from the 4FASOC they had a meeting the morning of Oct 1 to discuss suspending ISX, but it's still unclear what risk they were desperate to mitigate by suspending ISX.
 
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