SP1 0.00% $1.07 southern cross payments ltd

Ann: ASX Update on status of ASX Directions, page-417

  1. 3,828 Posts.
    lightbulb Created with Sketch. 452
    I do not think the escrow thing is simple, lots of technicalities methinks.

    Out of interest are any of the shares offered for escrow part of the court case on 7 August?
    What happens if the owner of the escrow shares dies?
    What happens if the owner cannot prove they own the shares?
    What happens if the company/trust that owns the shares goes bust/gets dissolved?
    What happens if the escrow shares are already being used as part of another financial arrangement (collateral) ?

    dunno, buts lots more of these thoughts come to mind...spose thats why they have "standard" forms and whatever for all that. does anyone know of any standard forms to do all this? good starting point prolly unless there is a good reason to not use the standard forms?


    Lets trade this thing.
 
watchlist Created with Sketch. Add SP1 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.