This is very serious. I work in Defence Industry. I believe Venetia will now get frozen out of Defence business. There may will be clauses in contracts saying that if legal proceedings are instigated against Venetia the Commonwealth can get out of contracts. So at $3.3 the loss of Defence business is lets say priced in.. However, beyond this, the damage to the companies reputation across other departments of the Commonwealth will likely be significant..and this is not priced in yet is my view. I imagine some institutional shareholders will on reflection dump stock. This is a falling knife in my opinion. I think there will be a rump of business definitely worth saving and perhaps it will get absorbed by someone else..so I am a buyer of the stock, but its got to be a bargain and the knife has to be reverberating in the oak floor before i touch this! This is Chernobyl in my opinion but do your own research, its not investment..or disinvestment advice!
VNT Price at posting:
$3.33 Sentiment: Sell Disclosure: Not Held
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