SP1 0.00% $1.07 southern cross payments ltd

Are you serious? As if the ASX or ASIC would have had time since...

  1. 359 Posts.
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    Are you serious?
    As if the ASX or ASIC would have had time since Friday morning's ISX announcement and Thursday's close to obtain all the ASX trading data and information to issue a response. As if they could legally issue an ill-informed response (unlike some, or many journalists, or online would-be journalists).
    ASX or ASIC would need to obtain then analyse trading information prior to and since close of trade Friday when a significant volume had been bought (by unknown holders) after being sold in volumes by (unknown sellers).
    It is a weekend - still now Sunday 6:30 pm as I post.

    Data is complex and we know ASX and ASIC need to legally take care when issuing any statement.


    Much of the ASX trading data for ISX 11/12/13 September would need to be collected by ASX. ASIC will probably then need to formally obtain the information from ASX possibly via a legal process-request, then the data needs to be collated/matched and also the volume of trades needs to be identified by buy/sell trade and names of trades/entities/brokers etc.
    ISX would also not be able to comment on the matters under investigation - especially those under legal review. ISX have asked ASIC to investigate.

    We all should ask ASIC to investigate.

    Not only for ISX but to also report other instances for any other ASX listed companies subject to the same level of unsubstantiated and unwarranted attacks.
 
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