Ann: SP1 delisted from ASX, page-53

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JoeGambler

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01/11/22

14:24

Post #: 64524997
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Originally posted by skinsy11: ↑

A couple of idle thoughts.
I hope that we see an announcement from SP1 explaining what has happened and the basis for the case being withdrawn. It does seem that something has changed to bring about the case being 'shut down'. As SP1 is no longer listed, we will not see this as an ASX announcement on the ASX platform.

Now to the question of our finial losses, we should remember that each shareholder (not shorters) have received shares in the ISX Europe (Malta) company which seems to be kicking goals. The increasing success of that business will eventually provide an offset of our losses from the suspension, maybe not fully initially, but a reasonable return when it is listed. The value of these shares will eventually reduce significantly the $500 million claimed against the ASX. How can we claim we have suffered loss if we will benefit from an equivalent value in the ISX Europe company?
How could we on the one hand claim to have lost say $1.07 cents for each share if we hold shares in the successor business which has maybe an equivalent or eventually, a greater value.
The shorters will owe the value of the stock values and some may even go bankrupt, maybe.

Well these are my idle thoughts on the state of play.

I am with VegasGM

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Its in Cyprus mate, not Malta.

and yes, as it's been pointed out you have no idea how short selling works.

The short sellers (which was a small percentage of the shares outstanding and used as a narrative to distract you) popped the champagne a long time ago.

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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Ann: SP1 delisted from ASX, page-53

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