SP1 0.00% $1.07 southern cross payments ltd

Well I am shocked by the Asic statement.I have not had time to...

  1. 3,602 Posts.
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    Well I am shocked by the Asic statement.

    I have not had time to read or consider the 700+ paragraphs, 200+ pages in the judgement.

    However, considering the context,
    • the time (1+ years from memory) between ISX being suspended and Asic commencing court proceedings;
    • Multi year court hearings,
    • around 1 year for the court judgment to be delivered
    • 700+ paragraphs and 200+ pages of judgement
    • delivered after 4 pm on a Friday afternoon
    The ability of Asic to provide a comprehensive summary of the judgement and their approach to subsequent actions within 3-4 hours is absolutely incredible.

    If only Asic put the same amount of effort into protecting investors as they put into protecting their own reputation we would be much better off.
 
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