https://m.facebook.com/financialreview/posts/1701925216524380
While the company might have spent most of the last two weeks suspended from the ASX, and while the market waited for a promised market update on Friday, a "person familiar with the situation" decided to tell the WSJ that it now feels it should "l....
This is total speculation. A person familiar with the situation... a little birdie... the article then further goes on...
And what does it do on the eve of a market update that is
supposed to show how accounting firm PwC will help it fix said continuous disclosure issues? It leaves a suggestion out there in the media that it will be taken over by one of many suitors, including some from Silicon Valley.
Surely a contrite company, wanting to rebuild the trust of the market, would have made sure everyone associated with the business kept their traps shut – particularly those pesky "persons familiar with the matter" – and then put its highly detailed market release out into the market.
The sceptics would have been reassured, the waters calmed and the stock could have resumed trade with everyone at least understanding the true position of this business.
Unless AFR come clean on their sources then this is all wild speculation and just as likely an attempt by someone or groups of people to further tarnish and damage the reputation of GSW.
AFR really have some explaining to do writing opinion posts like this quoting little birdies told me....
Where is their corporate responsibility to report news and facts?
