SP1 0.00% $1.07 southern cross payments ltd

Ann: ISX damages claim increases by $200.7m to over $464.7m, page-370

  1. 1,300 Posts.
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    yes we have all been stung by ASX's actions - financially, emotionally, personally and for some physically (long story but I'm one of those physical cases).

    remember 100 mill is not even ten cent per share - I would be happy for a big financial buffer and expiate expansion. Their reputation is in tatters - a win in court will not instantly reverse that damage - a big financial buffer (especially during these times) will see some more market confidence come into the market in different regions and sectors - if ISX have a couple of hundred million sitting in the bank that means they can go after bigger clients. I would give up 10 cents for a dollar in a few years.

    I forgot how much the Australian ADI application cost (a few hundred thousand) - making the same applications in different countries would be a good soldi push forward - there's a few million right there. Then offices, staff, more RnD, infrastructure (keep pushing to be at the forefront of technology is not a cheap venture).

    I could almost guarantee with all the media soon to come - there will be a big red X on on the back of ISX for cyber crime. Any breach will get exaggerated by the media and then how do you get back that damage. Especially being a fin tech company, even if compliance with all the standards.

    we are getting ahead of ourselves.
 
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