#Vocation (VET) looses $19.6m in Victorian govt funding and announces major restructure of Victorian business. Management said on Aug 25 that review by DEECD wouldn't be material to the company. It sure sounds material to me. Shareholders who partook in the recent capital raising would be unhappy. (VIEW LINK)
I guess the question is how much of this was priced in prior to this release being made today. I suspect many would have already sold down the stock in anticipation of an adverse outcome. Shoot first and ask questions later.