Ann: Market Update, page-55

The evidence doesn't entirely suggest it is all bs. You've formed that opinion, and yes I can understand how you've arrived there. I'm not a corporate lawyer, but I'm assuming ASX announcements are a legal document. If you're correct it would mean some very serious consequences for a number of people.
and the word isn't sketchy. It's colourful, as per the dozen articles already published on Fred.

and yes, I'm asking you to put all that aside and tell me what you think it means if everything is as they say.