Instos know how the games is played - hence the level of shorting on the stock.
They weren't going to admit anything before the AGM - look at DSH for what happens after the AGM.
He has little credibility now - but didn't have much before. So long as the CFO doesn't find anything too bad in the WIP should be OK - if they restate the WIP ASIC will have a field day, and a few directors have some difficult questions to answer.
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