Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

Ann: Managing Director Update, page-57

First 57 Last

Share
Profile

Follow
Rodeoshow

1,302 Posts.

607

30/12/21

19:32

Post #: 58573636
Share

Originally posted by JoeGambler: ↑

They're aren't going to settle Rodeo IMO, it makes no sense to settle a lawsuit you deem not material.

Especially one in this context which is just arguably theatre, I mean just look at the damages being asked for, its pure theatre.

What makes more sense is to apply for costs security, so when the "win" (costs awarded) you expect to happen occurs, you'll get your costs back and you can move on.

ASX knows from public docs ISXAU has only been left a few million and is also fighting an ASIC case. Its no wonder they applied for costs security in Dec. They want to make sure they at least get some cash back for the money outlayed defending the case.

Expand

they will settle I guarantee it. The reputational risk on them going to court is huge. Actually Joe it makes complete sense to settle a case that you think is not material, particularly if you think the AFR will hardly report it.

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

0 Great analysis

Reply

Top Stories

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

IMA

Issues emerging as Australian companies tackle critical minerals challenge

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

There are more pages in this discussion • 285 more messages in this thread...

First 57 Last

Add SP1 (ASX) to my watchlist