Smart Parking - search for evidence

Legacy_user

Oh dear. Could be a big payout here for someone.

https://www.finnewsnetwork.com.au/archives/finance_news_network169796.html

Coupon-mad

Shame if anyone misses this:

Smart Parking (ASX:SPZ) terminated the employment of the Company's UK Managing Director and CFO upon being made aware of conduct that was considered inconsistent with the company's values and policies and in breach of their employment contracts.

As announced on May 17, Paul Gillespie assumed the role of UK Managing Director on an interim basis and will remain in the role until a suitable replacement is found.

The Board has subsequently completed both an internal and thorough independent review into their conduct and can confirm the following:

1. The conduct, whilst inappropriate, did not involve any illegal or criminal activity.
2. The company has and will continue to operate in full compliance with the rules and regulations of the British Parking Association and the DVLA in the UK as is confirmed by regular audits from both organisations.
3. The Technology business has been unaffected by recent events in the UK.

Shares in Smart Parking (ASX:SPZ) are down 16.07 per cent to 24c.

I sincerely hope all parking firms go out of business in the next few years, and top of that wish list are the likes of the ANPR greedy (''let's not even bother to patrol sites, not even check disabled bays, let's do nothing but farm number-plates and paint it as something new and special that 'counts footfall' and assists with retail security'') firms like Smart and ParkingEye.