SP1 0.00% $1.07 southern cross payments ltd

Ann: Managing Director Update, page-88

  1. 7,183 Posts.
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    Quoting me selectively won't make your fantasy come true.

    Crown and WBC faced very damaging public inquiries and/or admitted fault, and by all accounts have kept the market informed and complied with continuous disclosure. This is the key reason ASX did not act.

    Just pointing out some other scandal and saying they were treated differently (not suspended) is very childish and wrong. It is not an argument an adult should be making, the World is not black and white.

    Again, If say, Crown refused to inform the market of a material event it may well have been suspended, as that's a breach of listing rules. This did not occur, Crown regularly updated progress of regulatory inquires and outcomes.

    Also, let's say Crown issued a bunch of shares to insiders and that faced regulatory inquiries (such as questionable revenue used to enrich insiders), ASX may have also suspended the stock, pending the outcome in order to prevent those shares being sold to the public in the meantime.

    Last edited by JoeGambler: 31/12/21
 
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