It's interesting thinking about the possible reasons why...

It's interesting thinking about the possible reasons why investors sometimes prefer listening to the sound of 'solvency mantra' instead of taking urgent action when the alarm bells are ringing.

https://newswire.iguana2.com/af5f4d73c1a54a33/wpg.asx/2A1081627/WPG_Response_to_ASX_Appendix_5B_Query

https://www.auasb.gov.au/admin/file/content102/c3/Going_Concern_Issues_in_Financial_Reporting.pdf

Hopefully the appointed administrators will uncover the unscrupulous details of this debacle & can claw back a significant amount of funds for shareholders. You never know how things are likely to pan out until the administrators prelim report.