SP1 0.00% $1.07 southern cross payments ltd

Ann: SP1 delisted from ASX, page-137

  1. 1,173 Posts.
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    It was promised to shareholders to be as soon as possible after the demerger.

    Now JK has "chosen" not to relist at this time due to market conditions.

    it's worth noting that most major exchanges require disclosure of issues with foreign regulators (for example, our CEO being sued by ASIC), and can elect whether or not to allow admission. Highly likely we are unable to list due to JK's position. Also highly unlikely JK will consider stepping down.

    In short, not soon. At least after the ASIC case is finalised, and if findings are adverse, probably not after that either while JK is at the helm. He was just re-elected too, so it'll be a while.

 
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