SP1 0.00% $1.07 southern cross payments ltd

What do you think the ISX management team could have done better...

  1. 409 Posts.
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    What do you think the ISX management team could have done better to appease the belligerence of the MO?

    So far the MO hasn't been able to adhere to their own rules and keep the market fully informed because they are relying upon "confidential information" to sustain their meek and opaque position. Information that wasn't previously disclosed as a key reason for the suspension. How odd that they would insist on full disclosure, including matters that are not pertinent to normal disclosure requirements, and now it appears this is only a convenient one way street.

    Is this information a state secret and critical to the security of the nation (tongue and cheek)? If not, then it should be discoverable to ensure there is transparency in the dealings of the MO and the reasons for making decisions about the fate of companies and those that invest in them and more importantly ensure there is integrity in capital markets.

    This case has the potential to be a pivotable point in the MO's history of management and subsequently market operations. It would appear self indulgence and the over zealous application of 'king making 'rules may bring them undone. But, given the current state of politics in this nation and the disgraceful behaviour toward the aged, veterans, nurses, banking consumers, voters, share holders, et al, it would not surprise me to see this saga prolonged.

    There is a time to mediate, but when mediation fails or is circumvented with oppressive direction, there is a time to fight. None of what is enjoyed today come about because those strong enough to do so, acquiesced to natural justice being sacrificed.


 
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