Frig finally! they announce a clearing of the decks. Hopefully we can move forward now with this of our backs. I think the market (given a share price of 90 cents) was expecting a write off of around $140 million.
And in light of the FACT that the company will write off 4 years of profit (ie. in retrospect they weren't profitable years), can we see the directors and executives on minimum wage for overseeing a $60m+ loss! Robert is kaput.
WTP Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held