Olympus stock dropped 34% today
Olympus stock keeps falling down. The company is urged to purge even more executives. The former CEO Woodford said “The board all has to go”.
I would not be surprised if this is the beginning of the end for Olympus. Maybe somebody will just buy the company before we start seeing the first "bankruptcy" headlines.
"This is very serious. Olympus admitted it has made false entries to cover its losses for 20 years. All people involved in this over 20 years would be responsible. There is a serious danger that Olympus shares will be delisted. The future of the company is extremely dark." (ITC Investment Partners via BBC)
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