87 Crash is a titan of industry and literally one of the wealthiest people in Australia. He can easily swallow this loss
Think about the smaller retails, many of whom brought into the story after the last quarterly when the SP really began to plummet (smart money saw the money on the wall and were running for the exits, while many retails only saw the price as getting 'cheaper')
I don't know if the last announcement breached the law in any way (probably not), but it seems morally questionable, as I suspect mgmt would have known by then how dire the situation was
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