My posts the first time they released bad news to the market were moderated.... FACTS: management and employees are leaving in droves, senior management have been very open about the level of losses --- not sure how they going to deliver the $1.2Bn orderbook without staff - also, if they priced the last lot of solar panels incorrectly, who is to say the next $1.2Bn isn't also going to lose.
My guess is that the company will be restructured, unfortunately it will be employees and the retail shareholders who will suffer- the insto's will stump up cash if there is a good CEO to take the helm.
The former CEO cashed in shares, took a $1.0M payout..... in the words of Darren Hinch "shame, shame, shame"
CFO bailing is the biggest tell tale.....
can someone tell me what ASIC's role is?? to collect fines on late lodged forms (which they never miss) or to ensure that companies comply with regulations (this comment applies to the wider market)?
Ann: Extension of Voluntary Suspension and Class Action, page-15
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