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$1.07 southern cross payments ltd

ASIC v ISX Hearing, page-2087

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thebarry111

4,638 Posts.

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28/06/23

18:42

Post #: 68519960
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Originally posted by JoeGambler: ↑

The alleged contravention of director duties DIRECTLY relates to the perf shares. It directly relates to the way in which those shares were obtained. The law is as a director you act in the company's interests, not solely your own. Yes, ASIC have not commenced criminal proceedings, but they have gone civil which may involve large monetary penalties and being banned from directing companies. ASIC are alleging MULTIPLE breaches of the law by both the company and John "Performance Shares" Karantzis.

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No mate.

It really doesn’t.

They are simply trying to prove that those contracts weren’t of a recurring nature.

The performance shares are irrelevant to the ASIC case

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Held
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