As per Sarel's Comments here
What if....... there is little evidence of wrong doing and a massive amount of overreaction in the share price???
The more people write about the share the more confusion and the longer the share will be under pressure...
If nothing or very little fraud can be proven then we can see massive revalution in the stock.
Granted there is large debt. but the assets are getting better and better every day...
Author’s reply »
I'm still waiting for any evidence of wrongdoing, accounting misrepresentation or scandal, SorosGBP. There is a whole lot of noise but as yet no evidence. I hope that the PwC report would be one where PwC will actually take responsibility for their report and findings, as my experience with these type of reports are that they are always under cover of numerous disclaimers. Hopefully they will serve up some evidence. So far all we know is that Deloitte would not sign off and that set in motion the series of events. Does Deloitte have any evidence of wrongdoing? Then give it up, please. Why would they demand to approve the appointment of an investigator - is that their prerogative? Has this all been a massive emotional overreaction and panic based on no evidence at all hitting Steinhoff at a vulnerable point in time? Perhaps it is time to question some of the non-Steinhoff players in this drama.