track record suggests where there's smoke there's fire when it comes to ASIC/ASX investigations. they dont typically do these things to lose. that being said, a likely outcome is for insto's to bail on this stock just as a precaution on re-open, it will tank.. but then there's a great buying opportunity for retail if you can be there near the low for the rebound...
of course, as blue sky taught us, sometimes the smart money gets out early and those looking for a bounce at bottom get stung bigtime. interesting weeks ahead on this one.
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