SP1 southern cross payments ltd

Payment, page-57

  1. 284 Posts.
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    Because I’m a rationalist

    is this the best use of shareholder money?

    will it yield a return or just “satisfaction”?
    will it yield at all?
    When will it yield?
    did we invest in a litigation fund or a payments technology company ?

    JK and the board will either be vindicated or not through the ASIC hearing. That’s in a few months, versus the ASX that hasn’t even been allocated a Judge, and will be earliest … when? 2024?

    again that’s capital locked up for years that could be spent making us money

    i suppose the other issue is that walking away now means we have to foot the ASXs $6m legal bill to date

    I suspect that will be the driver to proceed, as can’t see a way around that.





    Last edited by Advent1969: 06/08/22
 
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