Terrible day but not unexpected I'm afraid. Now what happens...

Terrible day but not unexpected I'm afraid. Now what happens ?

Many of you have written to ASIC - Totally understandable
Many of you have written to ASIC - again understandable

Nothing from the Directors -again totally understandable. How can they report things beyond their control. They have no control now we all know that.

However believe me they have been at work today and all weekend, with the banks trying to allay their fears over the possible Blumont failure. They can't report this until something concrete is available for distribution.

Where will it go tomorrow? IMO nowhere as it will be suspendied.Worse still with the terrible ratios I would not be suprised if it's put into voluntary administration so it can either improve or go the other fatal way. That may be best as at the moment the price is being hammered every day and unless a miracle happens this will continue.

I have spent fortune on this stock and invested very heavily last week like a fool after the announcement. Never again.

I pray for a different outcome.