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

SP1

0.00%

$1.07 southern cross payments ltd

if that's not a conspiracy theory I don't know what is

First 1177 Last

Share
Profile

Follow
convoy63

1,898 Posts.

258

25/04/23

00:25

Post #: 67438546
Share

Originally posted by Gold Bugs Bunny: ↑

'so what self interest do the regulating parties have ? what benefit do they get out of ISX suspension ?'

Here is my humble opinion:

Origin of the story:
OM: Bespoke report benefiting shorters (the guys who ordered the report?). Huge share price volatility ensues.

AFR: Subsequent to the Wirecard scandal in Germany, and now this OM report, sniffed a 'Big Story', that might lead to fame for the reporter and extra dollars for the paper. Once on this track, the paper continues ridiculing the Company to the point of libel re money laundering.

Reaction of regulating parties:
ASX: 'OMG, what if there is something to this?' - Better investigate... Nothing found? - Well, that 'grates'. Let's suspend anyway, and run a wide-cast inquest to see if we find something.... Nothing found? - well, with a bit of spitballing we can create at least a reason for the suspension... Ah, and then the VISA termination happens. And is reported a day late, during the suspension. Aaaah, there there, a reason to suspend some more, our butt is covered.

ASIC: I think they were somewhat reluctant to get involved in this. I think their case was brought to back up ASX, so call that a conspiracy if you wish. I think it's a face saving exercise for the both of them. if there was no reason to suspend then they would have had to reign in ASX? As for ASX: 'look here, ASIC is taking them to court'.

The ten thousand shareholders were never considered.

Anyway, let's wait for the court's verdict.

All the above is opinion only, of course.

Expand

if that's not a conspiracy theory I don't know what is
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

There are more pages in this discussion • 2,427 more messages in this thread...

First 1177 Last

Add SP1 (ASX) to my watchlist

if that&apos;s not a conspiracy theory I don&apos;t know what is

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Featured News

if that's not a conspiracy theory I don't know what is