I feel for all the DSH holders out there. Some would say you make your bed you sleep on it but I don't see it that way. You have my sympathy. I don't think this was fair at all. I admit the world can be an evil place but I don't accept it.
There is no way Nick Abboud and the board complied with fiduciary duty. Accounting tricks and selling down inventory at clearance rates to artificially boost net profit to deceive investors is the OPPOSITE of acting in their best interests. They should be prosecuted. Are they going to walk away with payouts now?
The Australian Government should by protecting people from these con-artists. Penalties should be much more severe. ASIC should have it's funding tripled and be going after this type of unscrupulous behaviour and should have an independent ethical oversight committee watching over it's priorities.
DSH Price at posting:
35.5¢ Sentiment: None Disclosure: Held