cba's response to asx question

Did you see CBA's response released today where they said that they didn't believe that it was material to announce to the general market (before closing the capital raising) that impairments would go to 0.6%? IMO it's interesting they (i.e. CBA) didn't see it as material, though the investors who bought the placement at $27 seemed to think so, sufficiently to see the placement fail when news of the increased impairments did hit shortly after the placement closed. So, how can it be that CBA doesn't see it as material for existing shareholders (in responding to ASX) and yet it caused the pulling of the $27 placement. IMO this just doesn't seem to be consistent. I expect there's more debate to come on this.