Well... Bad news yes but we all knew that. Nobody was holding out for a positive announcement. On the scale of speculated outcomes on HotCopper, this is well and truly on the least catastrophic end of the spectrum. We are absolutely still a going concern. The immediate future is one of damage minimization and maximization of fund recovery as well as relationship mending and nurturing. Medium to long term focus is still on growth and will also now include a great deal of extra caution and vigilance. I for one am extremely relieved at todays news.
Not full news yet. Extent o fraud not yet quantified. Scope to recover not yet investigated. Impacts on China business not known/not disclosed.
Well... Bad news yes but we all knew that. Nobody was holding...
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