REX AIRLINES Trading Halt

[MickG0105]

Originally Posted by V1 rotated

ASIC sues REX and four Directors

Early Chirstmas present from ASIC to REX

Sometimes the best news for the year comes late in the year. There's likely enough residual animosity between the defendants that ASIC will have a cooperating witness.

Hopefully this announcement will place some pressure on EY to reveal the selling price of Rex's 50 percent stake in NJE to LKH et al; a transaction that almost certainly benefited at least two of the directors named in the listed ASIC prosecution.