SP1 0.00% $1.07 southern cross payments ltd

Ann: Demerger of European Businesses, page-494

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  1. 7,401 Posts.
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    with the CEO's 41% backed out it the de-merger will be decided by the other 59% of shares. The CEO's brother supposedly controls 10% (although the ATO claim the CEO exercises control over this entity) and that is already 17% of the remaining votes, meaning only about 1/3 remaining publicly held votes need to be cast in favour to get to 50% plus 1. For this reason I would assume the de-merger will be approved fairly easily. With the new 'spit-balling' narative (remember this is all without considering the ASX reply which is still to come) and what seems like legendary levels of Stockholm Syndrome the de-merger is in the bag!

    All your other rambling is just typical emotive victim narratives the ISX forum is full of. I am also not sure why you are grouping me into your rhetoric about ISX being 'attacked', I have no relationship to anyone involved and simply participate in a share market discussion forum out of interest.
    Last edited by JoeGambler: 09/09/21
 
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