SP1 0.00% $1.07 southern cross payments ltd

Ann: Requisition of Resolutions Under Section 249D of Corporation, page-56

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    ASX SoR which clearly shows their issue with revenue recognition.
    ASIC investigations into ISX, in consultation with ASX
    GT's getting sacked by JK (shareholder) - todays announcement (what else would you call it)


    There has been so much misinformation provided by ISX holders here today. Here's a summary:
    1) BDO will need to audit the previous 3 years for listing on a different exchange; (they do not - the Company just needs to have historically audited financials)
    2) GT was sacked by shareholders and not by management; (they are the same)
    3) Companies need to change audit firms every 5 years under the Corps Act; (they do not, only need to change partners)

    More to come on this front that's for sure. ASIC must be having a field day, hence GT's getting the flick.
 
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