mfs preopen, page-5

Boards can and do make some poor decisions and we are entitled as shareholders to question them and hold them to account. When the share price falls 20% then that to me is reason to ask questions. (As the ASX has today) We can't just blindly assume that the Board always makes correct decisions and that information is contained.
The facts are that MFS was under pressure already presumably from the US hedge fund collapse. It was obvious to anyone who studies MFS that it was poised to fall.
What caused the sell off was not clear and may not be clear for some time yet. As a trader I would say there was information "in the market" that not every sharetrader and stockholder knew about. That is a bad situation and it was only today when the ASX quesried MFS that they were forced to make it public. This is bad Board management imo because it was not contained and was not announced.
The Centro issue was what we "assumed" to be the reason but without proper discloure what were we to think?