Give A Dog A Beach - You may be right about the further accounting problems but the only folks who have the true answer to that are the auditors and the MYT board, anyone else is just speculating like the rest of us. As for the shares collapsing, well with the current share price it would be more of a gentle flop!
Frankly I am very angry and disappointed with our board and accountants, this is a great company and did not need sharp practice to survive.