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: Commences Federal Court Action against ASX, page-1959

First 1959 Last

Share
Profile

Follow
ASXleo

3,387 Posts.

294

16/04/20

17:11

Post #: 44084213
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

Those are the 1MIL $ Qs

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

0 Great analysis

Reply

Top Stories

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

First 1959 Last

Add SP1 (ASX) to my watchlist