being "worried" isnt the test
The test is materiality.
Will this impact
- ASX reputation (yes)
- involve judicial review into ASX operations (yes)
- set a precedent re Datafin (yes. See what happened to LSE and NZSX)
- involve damages (yes)
Any one of those would be deemed material by a reasonable person. If I was an ASX shareholder, I would want to be informed of a standaout court case by the Company. I wouldn't want to hear about it through the media.
The question is, how arraogant is Kevin Lewis, and dos he know how to apply the Listing Rules to himself as the ASX.
Grab your popcorn - we are about to see established, Sydney schoolboy arrogance in ASX management and board meet hard hitting self made entrepreneurs. Will you put your money on the silver spooners, or the ones that earned their way by creating value?
Two Westpac directors (nice pedigree there), the Disgraced Ken Henry (lovely), the Roche (no conflict here ID8), and Dominic (do nothing) Stevens - led by Rick "Im on hollday" Smith
No chance - ASX needs an overhaul before regulators step in
being "worried" isnt the testThe test is materiality.Will this...
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