In the AFR article, The CEO of GSW is quoted as not knowing whether Fantastic Furniture was still a customer. It is extremely difficult to value a company when nobody, not even the CEO, knows whether the company's announced customers are actual customers.
Hacks are not destroying the share price. The management are with their detail-less announcements and reluctance to release bad news (even though, according to the quotes, the CEO doesn't even see as bad news).
If all is well, why does it take 2 days to correct the record?
We will soon find out but this sort of scandal is terrible for a company which is, basically, pre-revenue.
Any failure will affect the company for months. You might just get the chance to buy some shares much cheaper than the current price.
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