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$1.07 southern cross payments ltd

The reason lies in the "confidential information" shared by ASIC...

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itzgr82balive

2,243 Posts.

4424

30/03/22

23:50

Post #: 60534224
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Originally posted by Gold Bugs Bunny: ↑

Remarkable (emphasis mine):

(b) in relation to sub-paragraph (b), ASX:

(i) admits that Kevin Lewis, ASX’s Chief Compliance Officer at that time, made the decision on behalf of ASX to suspend ISX’s securities from quotation on the Australian Securities Exchange;
(ii) admits that ASIC agreed that ASX’s announcement to the market could refer to ASIC making enquiries;
(iii) says further that ASX decided to suspend the securities of ISX from quotation on the Australian Securities Exchange, in consultation with ASIC, in the following circumstances and because of the following matters:
(A) speculation in the media as to whether ISX’s revenue for the six- month period ended 30 June 2018 (Relevant Period) had met the milestones required to trigger the conversion of certain performance shares held by iSignthis Ltd (BVI), an entity associated with ISX’s board and management, into fully paid ordinary shares in ISX;
(B) the volatility in ISX’s share price;

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The reason lies in the "confidential information" shared by ASIC with ASX. It's a mystery!
ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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