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

" Does ASIC now need to undertake its own investigation as to...

First 1957 Last

Share
Profile

Follow
A4paper

3,828 Posts.

452

16/04/20

17:02

Post #: 44084041
Share

Originally posted by skinsy11: ↑

jacklessd What a stirling effort under difficult circumstances to provide that running commentary.
kenjikool, thanks for your comment which brings us back full circle.
There is I think one complication in the background in relation to the performance shares some of which may be held by JKs BVI entity. It is that JK and his BVI entity are defending a separate legal claim from a former ISX executive / employee in relation to a slice of the performance shares. JK and the company would not in my view be able to cancel those shares if they are subject to a third party claim over some of those shares.
It would have to be the courts, at the request of ASIC to cancel the shares.

Sooo, back to today, have arguments from both sides finished regarding the injunction?
Has the Judge reserved her decision?
When / is there to be a round two?
Where do we go with this?
Does ASIC now need to undertake its own investigation as to the validity of the issue of the shares?

Expand

" Does ASIC now need to undertake its own investigation as to the validity of the issue of the shares? "

They have been doing that for +4months now.
That ASX report is no longer of any interest to me.
ASX basically said it all in court today anyway.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
8 Upvote

1 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

There are more pages in this discussion • 832 more messages in this thread...

First 1957 Last

Add SP1 (ASX) to my watchlist