SP1 0.00% $1.07 southern cross payments ltd

if the 300million odd shares are found to be distributed...

  1. 1,267 Posts.
    lightbulb Created with Sketch. 360
    if the 300million odd shares are found to be distributed incorrectly then I very much doubt it would be suspended for a few years as the bonus shares are under a couple of entities. Everyone knows theIr share ownershIp (except management that benefited from the dIstrIbution) - that won't change.

    What that could mean though (If the 300 mIll shares are forfeited) is ISX has a potential for a takeover, as a sIngle entIty could acquire more than 50% of the company, isx have a good Income and low debt - meanIng a great target. It also means that the P/E ratIo would go up by about 30%

    So your down ramp proposal is something like the other accounts you probably hold - full of holes, usIng fear and poor data to try to maximise your own balance sheet.
 
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.