Unfortunately this won't be a slap on the wrist by any stretch of the imagination shaunmac. Instead this is going to be a belting. The best the company can now do is damage limitation and hope that its reputation won't be so damaged that companies won't want to do business with them. The same applies to investors' sentiment towards GSW.
I hope GSW's response/rebuttal is not going to be released an hour before trading opens and/or when the TH is lifted tomorrow (if that is the case). The market needs to have time to absorb the information. Somewhere around 3.30 PM today will do me fine. I don't understand what is taking so long.
GSW Price at posting:
$2.92 Sentiment: None Disclosure: Held