SP1 southern cross payments ltd

Looks like a Duck quacks like a Duck, page-6

  1. 279 Posts.
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    tried to post the article but couldnt so suggest you read it on AFR site....
    in a nut shell

    -$2.5m of 2nd half FYrevenue from four non disclosed offshore parties, who ISX state were not material !

    - these four parties then dissapeared and contributed no further revenue to ISX

    - This venue "inadvertently" disclosed as transaction revenue, ISX now admit it was one of payments ( for what exactly?l)

    - that revenue represented over 50% of rhe revenue needed to hit management targets for transfer of $100s of millions of shares to insiders.

    walks like a duck quaks like a duck, maybe we should try the monty python witch test, its just as farcical as management " nothing to look at here claims"
 
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