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$1.07 southern cross payments ltd

Ann: Letter to Shareholders - Federal Court Action, page-95

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elzephyrus

5,523 Posts.

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01/05/20

08:20

Post #: 44370534
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Originally posted by Gothman: ↑

Of course I'm disappointed and frustrated but the point of my post was just to point out it will not be up to the court to make a ruling on the ASX findings that will be up to ASIC. The court case is only about the legitimacy of the suspension nothing to do with any breaches of listing rules or findings by the ASX and just pointing out that some people seem to think the court will rule on the ASX findings and that is not the case.

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The court case is also about reputational damage. I'm pretty sure it'll be easy for the ASX to show that ISX is at fault here due to previous disclosures being inadequate. So ISX will also need to pay ASX's court costs, wasting more company/shareholder money.

Last edited by elzephyrus: 01/05/20

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