phillip thomas explains all, page-91

I am just wondering if brokers/instos waiting on the sideline to get a slice of this firesales, you know like your boxing day Myer stocktake sales. There maybe possibility of the administrator/receiver striking deals off market with those brokers/instos at discount price, so we may not even see those shares.

But I have to agree what we have to worry is those others 800/900 million shares held by retail investors, when they are in panic mode. But reading from this forum it looks like that maybe happen in the short time. It appears the general concencus is the company still has good fundamental but the director has a bit of personal issue to sort out.