Usually when this kind of thing happens - media revealing lots of alleged wrongdoing and/or stock suspended indefinitely for breach of ASX rules, as is the case here, there’s mass HC holder anger toward management for creating the mess. Calling for heads to roll, Here at BIG the HC holders are mostly trying to defend management. It’s a reality-free zone.
I remember for example PLA getting suspended. HC had a lynching party for management. The stock never came back, but management copped a beating from holders from day 1 the involuntary suspension.
Here it’s like ‘so what the CEO is a convicted con man, that was a long time ago’. And head in sand to current issues that caused the suspension. It’s unreal.
BIG Price at posting:
$2.22 Sentiment: Sell Disclosure: Not Held