Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

Ann: SP1 delisted from ASX, page-130

First 130 Last

Share
Profile

Follow
GL77

6,026 Posts.

853

01/11/22

20:14

Post #: 64531689
Share

Originally posted by naomhan: ↑

Quick update for us holders. I have experience in this area, but am providing general information only. Please consult your accountant for specific advice.

Do we have shares? Yes. We still hold SP1 shares. They are unquoted. They are worth less than a cent each.

Don't we still have contracts and dealings in SP1? Sorta. The directors cleared out pretty much everything except for things they didn't want. We have cash and tiny little bits, but realistically, the likely course from here is that the company winds up and gives us next to nothing, or they just gradually claim wages and fees until they drain it of cash and fold.

Can I claim a capital loss now - no, you still hold your shares. They're just unlisted.

Does this impact ISXFEU? Not really. We are still where we were. They're doing business, growth has potential, but we haven't listed and aren't listing any time soon.

What does this mean for JK's gems of discovery? it means they are useless. They were just the story he was telling us.

Expand

Do we have any idea on when a relisting on a new exchange is proposed? Why do you say “aren’t listing anytime soon”?

SP1 Price at posting: $1.07 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

Talking Australia's very competitive property landscape: Realty Talks

CC9

Wyoming could be America's next hard rock battery metal province – and Chariot Corporation can help

NRX

Noronex joins forces with South32 to look for copper in Namibia

There are more pages in this discussion • 471 more messages in this thread...

First 130 Last

Add SP1 (ASX) to my watchlist