SP1 0.00% $1.07 southern cross payments ltd

ASX Incompetent?, page-272

  1. 1,199 Posts.
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    I doubt it. I'm sure everyone (ISX management too) would be happier if its suspension was simply lifted & this issue went away. I doubt the further spotlight on ISX would be welcomed.

    I can't understand the aggression shown here towards the ASX. It is the platform that allows you all to trade shares & make money. As far as everyone is aware, ASIC is still investigating ISX - it doesn't care whether its trading or not, ASX just chose to suspend it in light of this & volatility.

    Repeated references re Westpac make zero sense at all. It is trading because it is keeping up with its listing rules. It breaks corporate law & gets fined by AUSTRAC & declares it - this is no reason to suspend trading. Companies breach corporate law, announce it, share price responds, that's how the market works.

    A director sitting on the board of both ASX & Westpac - gee. So what, many directors sit on many boards.
 
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