Ann: Completion of Institutional Placement, page-10

now unfortunately we know the 'real reason' for the share price drop.
Nothing to do with instos trying to manipulate and push down the price around a SPP.
Plenty to do with management not being forthright about the underlying business in order to secure their pay rises first.

Actually looks like the instos are fleeing a sinking ship, once institutional trust is lost, it takes a long time to regain their trust.

Institutions also tend to be better at 'scuttlebut'.

MCP looks cheap after the massive share drop of around 60%, but it won't look cheap in the future if there are serious skeletons in the cupboard.

Small shareholders like us very heavily rely on senior management being relatively honest.

lol ASIC is a paper tiger, never does anything to help small shareholders.