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: ASIC v ISIGNTHIS LTD & ANOR, page-83

First 83 Last

Share
Profile

Follow
pastperformer

7,476 Posts.

2251

18/03/21

07:57

Post #: 51852262
Share

Originally posted by pomhat: ↑

I'll continue playing devil's advocate here..

the GPTV numbers are entirely pointless and at worst a misdirection..

one could view the whole situation as, ISX entered into specific integration contracts which brought in $5m worth of one-off revenue (for negligible profit as the service was pretty much wholly outsourced) which triggered the release of the performance shares (worth at the time over 50m and multiples more based on the last traded price )

the future benefit gained by the company was ongoing revenue from the arrangements of 1m (I'll be generous and assumed profit of 1m, even though there would have been costs).

essentially 1/3rd of the company was given away for 1m.. if shareholders are happy with that then cool.. but it's entirely understandable why ASIC aren't..

this is before even scratching the surface of when the contracts were all entered into..

Expand

Exactly this. Have been saying this for over 18 months.

Caught red handed.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NWH

NRW Holdings voted Wealth Within's hot stock tip

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

There are more pages in this discussion • 263 more messages in this thread...

First 83 Last

Add SP1 (ASX) to my watchlist

SPONSORED BY