For sure. Usually a price drop like this follows a significant poor announcement by a company. Today's huge volume and drop have not been preceded by any specific event so I guess we can just say the shorters have spooked some (lots) of weak hands.
Annual report due soon, followed by AGM. For those of us wanting company announcements there isn't really too long to wait.
I wouldn't be surprised if the dust settles overnight and there's a bit of a rebound tomorrow - totally my opinion and I've often been wrong before.
As for management's reaction I'm not sure how it would be taken by other CEO's (customers) if Sean was seen to be addressing SP concerns at every big drop in ASX value. He needs to exude confidence and control during negotiations.
Nevertheless a tough day for all holders


