Looks like senior management at G8 have been negligent in...

Looks like senior management at G8 have been negligent in complying with the ASX Listing rules. G8 Education directors failed 'to notify ASX of
the notifiable interests of a Director where that individual ceases to be a Director by
lodgement of an Appendix 3Z, and that such lodgement must take place within 5
business days of that person ceasing to be a Director.
5. Notice of the resignation of Mr Craig Chapman as a Director of the Company was
given by way of lodgement of an Appendix 3Z on 29 September 2011. The Company
acknowledges that as Mr Chapman resigned on 2 September, the notice should have
been lodged with ASX on 5 September 2011.https://onlineinvesting.westpac.com....?stockCode=GEM'

Looks like a few major cracks appearing with G8, share price tanked to 46 cents today and that was before the please explain response.