No one should need to eat humble pie, HC is a forum for...

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AmbiGuity

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23/03/17

21:36

Post #: 23586957
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Originally posted by Master Spock ↑

Full disclosure would be a good thing only if it has a positive effect on the SP. We are already down over 20% in just a couple of days. Just a few weeks ago, just after a lack lustre HY report, posters were singing the praises of this company as a long term hold, scoffing at any suggestion that the company's performance was questionable. Hopefully those same people are now eating a bit of humble pie. I thought about selling my holding today at $1.20 but as I have owned many of the shares since 2011, found them emotionally and financially hard to sell. Do I trust management to concoct a convincing rebuttal to the report in time to save the SP for a further plummet? Not really. For shareholders, it should not take a 40 page negative report to force more clarity and openness from the company.

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No one should need to eat humble pie, HC is a forum for discussion, not one for investment advice.

Anyway, in terms of publishing a comprehensive response; Think how long it would have taken Glaucus to research, write and then publish the report? Now think how quickly QIN should reply. A knee-jerk response to arrest a SP that held up reasonably well? A response to a 40 page report, section by section? I reiterate my previous thoughts; their rebuttal will be measured, controlled, and overseen by their legal team. QIN have not only been damaged, but the report has essentially damaged the reputation of their auditors, Ernst and Young.

TFC Price at posting: $1.31 Sentiment: Hold Disclosure: Held
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