Simply put it's it's just plain outrageous. This "situation" was only found at LIT audit ? So where does the accountability sit as to the claim with those at the helm of the subsidiary ? Why is the claim amount declared as an exact number when LIT are intimating that all is not yet known and the market will be informed when all is known ? Seems complete balderdash and reckon more than one players have been caught with pants down. Oh and note silenced on the reference to the Stewardship Scheme before but have another crack at putting that out there as a desire by some to keep any bad press under cover and $5M 'aint no small beer............................watch for more on this as more there is.
LIT Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)