an example needs to be made

What has happened to PDY is entirely management's fault. Shareholders need to demand some action be taken. An example needs to be made. Management need to realise they have a responsibility to shareholders. Stupidity and incompetence need to be punished.

This is not an isolated occurrence. It is happening to numerous companies on the ASX. Just look at NXS, MEO, BCC, NEN, MBN, DML, ... All this companies are/have been driven into oblivion by stupid, incompetent management. All the while providing shareholders with false hopes and expectations.

Management in all these companies are extremely well paid. Yet they don't seem to understand or care their actions are causing mum and dad investors to lose their hard earned money.

I have yet to hear of any sackings or retrenchments of management at any of these companies. Behaviour like this in the real world workplace would certainly lead to a dismissal.