SP1 0.00% $1.07 southern cross payments ltd

Hmm, not as simple as it seems. ISX would know its price...

  1. 147 Posts.
    Hmm, not as simple as it seems.
    ISX would know its price sensitive based on their own clear irrefutable announce history & subsequent price movements, so it would have been prudent to advise ASX of that potential, so one might consider it a bit slack to not inform ASX of that potential but, if they had it might have drawn attention to the preceding days price movements before the announcement was released - imho - this might have put the stock into a trading halt, so on the balance of probabilities, for ISX, they probably did the right thing to minimise ASX attention. Also lets not forget ASX is not federal regulatory agency as such depending on your terms of reference, they are a public co subject to the same criteria one would expect that they require of the companies they list.

    In situations like this re sending emails to ASX, hope people are mindful of how ASX handle that, especially if the complainer has any sort of yellow flags re past trades as ASX have the means & interest to collate that, of course also their arrangement with ASIC & potentially ATO. IOW, why draw attention if no actual tangible loss occured, coulda shoulda woulda doesnt cut it just like religion - claims mean nothing, evidence is king. Hindsight in retrospect is good though but, it can twist you head around making you sit down & take a breath...

    As of now, bit of steam has got out of ISX - be ready for all sorts of moody flutters last thing today with only 35mins to go as some might feel inclined to prepare nicely for tomorrow ;-)
 
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