The bad news stories have flowed consistently ever since UBS downgraded to sell and loaded up with the shorting in 2017, how convenient for them! I hope the timing of the shorting and then the steady bad news is part of what ASIC are looking at.
Surprises me is that RFG are still being targetted regularly even though the equity is worth practically zero.
RFG reputation is going to take a miracle to turn around after the media barrage over the last 2 years. Makes it harded to sell any of their brands for a reasonable price.
I feel sorry for the franchisees that are caught up in this mess.
'Really dodgy': Michel's Patisserie faces investigation over expiry date outrage, page-45
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