SP1 0.00% $1.07 southern cross payments ltd

@@jawburns@Gaptrade1I'm curious as to what the cause of action...

  1. 782 Posts.
    lightbulb Created with Sketch. 2204
    @@jawburns@Gaptrade1

    I'm curious as to what the cause of action would be and against whom? Would you be seeking to re-agitate the issues that ISX folded on? It's laughable that they listed the litigation as a contingent asset in the demerger papers. I think you'd need to know what terms ISX v ASX were settled on at the very least and that's before you would even face an application to have any proceedings dismissed. I think it highly unlikely that any litigation funder would buy into that one but there may be a few well-heeled share holders who don't mind parting with their hard-earned. You'd have a better chance at a class action against ISX and its erstwhile directors but how could you enforce that judgment (even assuming the case was successful).
 
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.