What concerns me as a non holder at present is this.Going on...

What concerns me as a non holder at present is this.
Going on @doubledeckerdogs above post, there should have been a better explanation from the board.
Because, the market reaction was way way overboard IMO, because in the past I have seen failure announcements across all sectors including bios, and have never seen such destruction of capital from a sudden fall in 30 years of trading.
I SUSPECT that one reason was the follow on reaction from POH 2 days earlier, but FTT is far different, in terms of shares on issue far lower than POH, FTT far more cash on hand, and no future liabilities like POH face.
Having said this, if management come out in the next few days and clarity as has been asked here, the company shares may soar to low levels like 2 or 3 cents, which is what should have occured, and the ones who panicked and sold yesterday will be hit twice.
I am merely thinking out loud, but the scenario I have painted is possible as the knee jerk reaction to yesterdays announcement in my opinion was way way way overboard.
We will see, but if the above transpires, there will certainty be questions asked.
drifta