Im sure Dave knows more. I think people sell due due to confidence and if they don't think they will make anything back. As I assume was goes pop or default on the bond they don't get anything.
if I understand right
Bond price falling shows little faith in Wasps. Good thing.
Investors lose money as won't recoup price paid. But would have received interest
So they still get fined. meaning guilty of a breach but nothing else. Well we don't need to worry until next year anyway when we qualify for Champs league/