Ann: Market Update , page-77

>http://www.skynews.com.au/topstories/article.aspx?id=754039&vId=

>Chief executive Bill Wild, who was appointed in October
> to turn the company around, said Hastie was in talks
> with banks and new investors when the employee last
>week admitted to adjusting figures in order to meet
>profit forecasts.

so much for continuous disclosure - they've know for over a week -

Did they only just tell the non executive directorss on Friday? If so the directors have a fairly good reason to resign - if the board isn't being informed then the risk isn't worth it.