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$1.07 southern cross payments ltd

100%. Especially since this could set a precedent and have other...

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truenorth

3,524 Posts.

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23/06/20

14:28

Post #: 45394428
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Originally posted by itzgr82balive: ↑

That is NOT the argument ASX is using to claim that ISX should have made an announcement to the market regarding 2018 customers in their final reasons report. ASX said:

"In ASX’s opinion, information about each of the Key Contracts was information that a reasonable person would expect to have a material effect on the price or value of the Ordinary Shares and therefore ought to have been disclosed by ISX to the market under Listing Rule 3.1 immediately upon those contracts being signed."

I am a reasonable person and I expect that if ASX announces that ISX has a $27m damages claim and a further $28m coming, the announcement would have a material effect on the market.

ASX should announce.

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100%. Especially since this could set a precedent and have other listed companies lining up for their pound of flesh so to speak.

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