Is it time for ISX to take Ownership Matters (OM) to court?, page-33

First 33 Last

Share
Profile

Follow
jawburns

1,341 Posts.

344

20/01/22

06:58

Post #: 58993362
Share

Originally posted by LongNWrong: ↑

OK thank you for being the only one to respond despite some others continually crowing about how they are going to sue OM and how they are to blame for this.

3 legit questions, (I'm not trolling honestly, you choose whether you believe that or not) responses.

1) Your first point is right, it's well addressed in the response and seems a fairly rudimentary boo boo by OM. However... does them getting all the perf shares or a third illegitimately of them really mean there's not an issue? The materiality reduces (quite a bit) but it's still a lot of shares that just scraped by the hurdle. (And yes to be clear this is only if the concerns are proven but even under the ISX version there are shares issued that satisfy the criteria) so a factual stuff up and a bit rookie maybe but enough to instigate this and provide cause to sue?

2) The second point is neither here nor there. Maybe it makes the report read a bit worse and maybe there's some (conscious or subconscious) bias there) but the possible implication (others could argue stating of facts) hardly causes a 2.5 year suspension or gives rise to a law suit.

3) JK (and others here) flat out referenced lies not omissions, I'm still trying to understand what these were.

Expand

No boo boo by OM, they were well aware of what they were doing from the get go. The problem for them now is they don’t have that special friend at ASX anymore. They are on their own in this mess they created and hopefully pay a hefty price for their low act.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

Reply

Top Stories

Revolutionary inverter technology leads the clean energy charge

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Largest drill campaign to begin: Saturn Metals at Diggers & Dealers

From the Floor with Kim Beazley at Diggers and Dealers 2024

Emerald & Azure score Digger & Dealer awards