if you are the management of bal will you release something positive 10 days after a terrible ann wipped off more than 40% mktcap, $500m? because if you do so then the previous ann became inaccurate, inrresponsible and everyone's lost in the last 10 days is on you, and for sure a huge fine will be issued from asic and even triggers criminal invesgigation imo. so if i am the management, i will issue soemthing equally bad but with more details to makes 1) i didnt do anything wrong and 2) rebuild confidence of share holders that the sp wil raise again. but of cause this assumptionis based on there is no real worse issue.
BAL Price at posting:
$6.68 Sentiment: None Disclosure: Held