SP1 0.00% $1.07 southern cross payments ltd

Our Incompetent ASX, page-75

  1. 6,681 Posts.
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    https://hotcopper.com.au/data/attachments/1825/1825932-764e1451ed3b72aca175f24575a6cd39.jpg

    That is absolutely not what ASIC has said at all. It is merely your personal interpretation. Presumably, the public has never seen the actual full written statement from ASIC that ISX has claimed to have received:

    https://hotcopper.com.au/data/attachments/1825/1825933-ad591d399592f47606b317bac98c40a5.jpg

    So we have no idea of the context, etc and there is a possibility that the particular quote that ISX uses could have been taken out of context. It might be a good idea to release the whole content of the letter to the public. Exposing just a tiny excerpt just like what ISX did, in my view, is not ethically correct within the context of making sure that the market is continously informed. What ISX has done might actually do the opposite.

    This is why in my view, the recent announcement by ISX seems to be political in nature. Hypothetically, to sway opinion, however light, into thinking that ASIC has nothing to do with the suspension.

    If we take ISX announcement into account then, to be fair, we have to also take into account the ASX's answer to ISX's announcement:

    https://hotcopper.com.au/data/attachments/1825/1825965-7e5073a538ee6c42e92a3c8d6713ea5e.jpg

    According to the ASX:

    https://hotcopper.com.au/data/attachments/1826/1826000-3e6dd18c1bf82cb60e6bb34b859c85cd.jpg
    So ASIC was involved in the decision making for the suspension.

    and

    https://hotcopper.com.au/data/attachments/1825/1825983-4bc0fff46c8c730f8207210961eda669.jpg

    ...presumably, would be involved again in any matter if reinstatement to quotation.
    Last edited by aniesbaswedan: 13/11/19
 
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