SP1 0.00% $1.07 southern cross payments ltd

Ann: SP1 delisted from ASX, page-268

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,180 Posts.
    lightbulb Created with Sketch. 1068
    Interesting idea. JK did indicate something like that in a quarterly update to investors, but he also seemed to say it'd be a minor reduction in 2 or 3 customers. Not a complete reduction. As I've said, only the most ludicrous JK fanboy actually expected that $500m was a realistic figure and expected result. Those are, funnily enough, still those suggesting that walking away from the $500m case was a strategic victory.

    In my posts, I've been using $100m as a potential judgement amount if we were proved correct. An 80% reduction, and still worth putting $2m security at risk if you had any reasonable shot at victory.

    I dont specifically recall what he was suing ASX under, but I dont think it was a negligence section, so may not be under tort law. Chillingout may know. I thought he was contesting for intentional disregard of some sort, perhaps contractual, not a negligent mistake. I dont think intentional disregard is a tort. Not a legal expert though.
 
watchlist Created with Sketch. Add SP1 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.