page 13;
"However under AASB 3 Business Combinations all equity securities, being both the ordinary and performance shares, issued to the previous owners of iSignthis, should have been ignored on the basis that they do not represent the consideration transferred by the accounting acquirer to the accounting acquiree. Accordingly the previous value of $10,100,000, being the deemed value of the unlisted performance shares that formed part of the listing expense on acquisition are to be restated as a $nil value."
Will the reversal of this expense and reduction in carry forward losses have any real effect on the SP, or is the net affect neutral therefore not really matter ?
ISX Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
