Also looks reasonably clear that the fire sale indicated those close to this one knew these results weren't great well in advance, and maybe results were held back to allow that controlled dumping as was alluded to in a previously titled thread?
That's a very serious accusation! It accuses management of either having a very weak system in place so as to prevent leaking by people who somehow know the results (bad enough) or management has been a party to providing privileged and very sensitive information to people who have taken advantage of it. It also accuses management of sitting on material (price-sensitive) information, and so breaching the Directors' duty of continuous disclosure.
I can understand your feelings though. There is a bad smell about it!
Maybe HQ will get a letter from ASX/ASIC asking when it became aware of the assays - an 'aware letter'! I would be surprised, given the circumstances, that one would be on its way, if not there already. TISM!
EUC Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
