Jamwolf... exactly. People dont know what's going on, company has stopped many services and no clear direction what their position is.
so people get nervous rightly so and sell.
Otherside is company has a strategy and are waiting for outcome of RC and st Andrew's acquisition before making next move. Imo that is where we are... yes for next few months it means more uncertainty but I am relying on Deloitte to have a strategy. Also large institutions that would have some idea of this... let's see.
rremember company has to act in the best interest of shareholders... so the company has to be careful. If this was a tobacco company and there was a RC that was looking into banning tobacco products... it would NOT be in best interest of shareholders to stop selling tobacco before it became law. Same as in this case...so the fact that they have proactively taken steps shows they have a valid reason for doing so... otherwise may open them to potential class action IMO.
