SP1 0.00% $1.07 southern cross payments ltd

Thank you Siciliavin - as always. I value your posts very much....

  1. 359 Posts.
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    Thank you Siciliavin - as always. I value your posts very much. Thank you also for your diligent and far reaching work which includes in part - researching, contacting, informing and intervening with authorities, regulators and legal 'entities' in order to seek the truth and justice and fair play to ensure due process.

    Gadens certainly haven't done their research which undermines their credibility and motives. They deserve the other 'poster' in this thread above as their first client. In my opinion - fitting justice for each and both parties.

    >>>>>
    General information to some others who might not be aware -
    HC historic posts can be searched using Advanced Search in Old Hotcopper. If you wish to search poster's histories - switch to Old Hotcopper, go to Advanced Search and input a poster's name and input tag as ISX.

    Interesting reading in this particular search for the RU OK 'none/held' poster posting in the thread above if looking at the dates of RU OK's posts pre OM report/post OM report/pre ASX/post ASX suspension. Can't post his acronym or I might be moderated. Would have liked to have included some links to previous posts. Hold can mean 'held/short sold' - sentiment 'None' is a misnomer in many scenarios.
    ----
    If you view posts by those claiming to have 'lost' funds due to investing in ISX - look at when they were posting - the dates, what the ISX price was..look at their sentiment. Many have been holding ISX with SP well below $1 and longer term holders, there are many on the HC ISX site who have bought/held well below 50c and many below 30c. Many others between the 60c+ and 90c+ averages.
    >>>
    Then look at some posters' comments on HC re key events - pre/post OM report release and pre/post ASX suspension.
    >>>
    What it does indicate for a few longer term ISX posters re their trading habits/posting sentiments is this: evidence from HC posts.....

    Some bought low, sold high, bought back in lower and still lower than suspension price;
    Some bought low, sold, bought back in;
    Some sold high, bought back in higher than suspension price (FOMO??);
    Some obviously bought/sold and then short sold due to the SP volatility...
    Some may have borrowed money to buy back in higher? (Conjecture only).

    There were no brokers or financial advisors publicly giving buy/buy-sell advice for ISX from ISX's 300 ASX listing date up until pre 2 Oct suspension. Were there some others advising investors to open sell/short ISX? Most of us don't know and many of us have not seen OM's 10 Sept report.

    Many of us bought low and continue to hold and accumulate and hence have lost nothing except the ability to buy more or sell existing shares. For some of us, buying at $1.07 would not increase the average buy price of our share holding by much.

    At this stage, no-one has lost money investing in ISX shares unless they bought, sold/bought back in higher than $1.07 (or at $1.07 and 100,000 ISX shares at that price equals $107,000). For the 'open and/or uncovered' short sellers, they also cannot claim to have lost funds as the share has been suspended for months.

    No-one can claim they have lost funds to date on their ISX investment unless they have closed out their buy/sold or sold/buy contracts at a loss which was their own investment decision. Losing funds on any share investment on the ASX is a 'given' risk factor.

    What is different in this case, re ISX - is no-one holding - long or short - has been given any reason why the share price has been suspended by the ASX and ISX have responded to all questions truthfully and openly. ISX also complied with ASX requests for information when ASX would not guarantee the confidentiality of ISX's responses, documents or data. Also ISX 2019 profits weren't fully realised by ISX 'due to the suspension' - ISX ASX website announcement which ASX gave permission to be published.

    If you again review the ASX ISX trading data for ISX pre/post OM report and pre suspension 2 October 2019, you will note a stable SP range after the initial impact of OM's report release. ASX should have investigated who was trading large volumes of ISX shares 6/9 - 11/9 in order to determine the parties and the motives for ISX's SP volatility.
    NOTE - the 2nd part of the table is in reverse order of date.

    ASX Data for ISX pre suspension and post OM report - chiX not included.jpg
 
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