SP1 0.00% $1.07 southern cross payments ltd

Support & Confidence from Directors, C-Levels & Non-Executive Directors, page-86

  1. 3,828 Posts.
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    The big red flag is escrow.

    Escrow talks were happening in 2019. Escrow would mean that all the other shares could trade again once appropriate disclosures were made. That was over 9 months ago that locking away a portion of the company shares may be the catalyst to allow the rest of the shares to trade.

    The red flag is WHY the escrow discussions stopped (with the escrow ball firmly in the court of ISX). It is written that the hold up with escrow is ISX providing ownership 'proofs' for any offered escrow shares. What could be the problem there ?? Why have ISX NOT provided the requested details surrounding the shares being offered for escrow ??

    There really should be a thread titled "JK take one for the team".


 
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