Yes lies, but if this report results in any significant drop of new investment money flowing in, your so called bargain prices will end up in big losses. Personally I will put this one aside for now, stop my own losses, and watch the disaster unfold from the sideline. This is going to be very ugly, especially if the regulators want to get involved.
EY may be looking at damage control as well. As the report in the Australian on Thursday will suggest, this goes back to the legal action against Taylor Collison which has led to this report being reaseached for a very long time indeed. I'm out with the other millions of trades in the morning.
TFC Price at posting:
$1.31 Sentiment: Hold Disclosure: Held
