Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
Dude chill the F out.
Nobody knows what will happen and the shares are suspended so you can’t do F all anyway
Just plan for the worst that you won’t get anything and go from there. Stop panicking. It’s done now.
Lost my 10k profit (including interest) when the GS hits. So flat overall. I got very lucky when I announced on here to get out on Wednesday afternoon at 950p. I just wish I took more than half off the table!
Which reminds me I should check with IG tomorrow how that works in this situation.
I doubt you’d have been able to get out, nobody would have bought!
There was multiple opportunities to get out from 700 to 965p!
Why on earth would you invest a large sum of money in one stock?! You would have been better off hitting the casino.
In future don’t invest in stocks or if you must stick with funds!
Lol, do you really believe that??
To be blunt - I don’t think they give a s*hit about the shareholders right now. It’s the last of their concerns! First step is try save the business and keep debt holders on board.
Positive signal for the company, could avoid a bankruptcy, but terrible news for shareholders.
Nope - as everyone has said many times just write it off. You’ve likely lost it all.
Next time learn about diversification.
Debt for equity swap perhaps?
Yikes... there you have it then!
Yes, technically speaking administration is a possibility and one you should mentally be prepared for.
Thanks for this. Let’s wait to see if/when they default. As things stand there’s a ton ($500m) of cash still to account for.
I can’t find anything to suggest the current debt is “callable” bonds... so how/why would they called in “immediately”?
Can you explain that?
“History might not repeat, but it certainly rhymes”
“ gross debt of $2.5bn immediately repayable by refinancing”... can you explain this? It’s a bit of a contradiction, why would all the debt suddenly need to be all refinanced immediately?
“ Before Mr García Martín admitted falsifying the company’s accounts, he along with Gowex had hit back at the Gotham report, saying it was “categorically false”.
Sound familiar?
https://www.google.co.uk/amp/s/amp.ft.com/content/851d118c-0516-11e4-b098-00144feab7de
“ The admission of fraud also somewhat appears to vindicate Gotham City Research, the US-based shortseller that highlighted alleged accounting and management failures at Gowex in a research note only last week.
It also came just hours after Gowex said it had hired PwC to conduct a forensic audit of its accounts in response to Gotham’s note.”
Learn this pattern for next time.
Dogger69 - I assume you mean come back “for shareholders”?
I do think this comes back/is bailed out, but based on the facts right now there will likely not be any value left for shareholders...
But it’s still 50-50 I’d say, we still need more information first.
To be fair if you look back at historic announcements the CFO has been sick for some time.