Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

0.00%

$1.07 southern cross payments ltd

Thanks for the update. Excellent call from JK on the exclusion....

First 2961 Last

Share
Profile

Follow
vjojojose1

466 Posts.

585

07/10/21

18:05

Post #: 56641335
Share

Originally posted by itzgr82balive: ↑

I called ISX today to get the link to the court case tomorrow and, in the process, asked for an update. During the conversation, I learned that someone at the AFR has asked for an unredacted version of JK's appeal statement. AFR says that there is a public interest in knowing the identities of the other shareholders in iSignthis BVI and that shareholders should be fully informed of the contents of Mr. Karantzis' appeal statement in the light of the upcoming demerger vote.

Really!? I personally am really skeptical of just who this “public interest” is. I doubt it is shareholders.

The AFR and the ASX has a great talent for twisting the facts to make it look as if shareholders are really unhappy with ISX. This is one such effort. Consider the statement in ASX's defence that references Gaden’s alleged shareholder class action against ISX. ASX does not mention that Gadens couldn’t get a sufficient number of ISX shareholders to participate and so called it off. Also, what about the "complaints" ASX said in the interlocutory proceedings that they received from ISX shareholders. ASX neglected to mention how many were against ASX, not ISX - which I would be willing to wager were more about the former rather than the latter. And finally, when mentioning posts on hot copper, ASX moaned "poor me" but did not make it clear that Hot Copper posters, by and large, are well and truly suspicious of ASX's motives and management of ASX's investigation into ISX.

Although I am curious regarding the redacted information, I definitely do not feel a need to know. I trust that the law will deal with this issue appropriately.

I also asked ISX why Redx was eliminated from voting if it is not a related entity and was told that it was done to "To take away any suggestion that JK has influenced the vote".

It appears to me that ISX is attempting to make it very clear to ASX and ASIC and anyone else who is interested, exactly how ISX shareholders feel about the demerger by removing any distracting question about the validity of the vote by shareholders.

Well done ISX. Well done JK. Don't let the b@$!@(d$ get you down!

Expand

Thanks for the update. Excellent call from JK on the exclusion. It would be similar to holding up the middle finger for these conniving, deceiving regulators and paid trolls who spend all their time on a stock they don't own.

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

1 Great analysis

Reply

Top Stories

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NIM

Nimy extends sulphide targets at Mons with new anomalies identified