My take is EML has been flying along with new growth and the regulator isn’t happy as they have been naughty and need to clean their room before going out to play. But EML has been on the internet making deals at the same time as cleaning their room. But mum originally said not so much internet until your room is clean. Mum should be happy little Johnny can clean his room and surf the net, but you know how mums are when they are cranky.
Take it as you want but it seems to me that EML is growing too fast for the regulator as they wanted no more deals done until their query was complete. Nothing is gonna come from this except a fine and some of the words in the announcement are to cover their ass against class actions.
How the market takes it is anyones guess. I’m a glass half full on this.
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