SP1 0.00% $1.07 southern cross payments ltd

What happens to short positions after demerge?, page-6

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    I could be wrong but that's exactly how I understand. Unless the ASX compensation will be shared among the holders in a way of adding values to the shares. Even that, with a full amount of claim at 600mil, it's half of current market size. So expect the SP go down half at least.

 
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