Finablr – Travelex agrees debt-for-equity rescue, 0p here we come
By Nigel Somerville | Wednesday 8 July 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It has been obvious for a while that shareholders in Finablr (FIN) would lose everything following the fraud exposed at NMC initially by Muddy Waters, and mirrored at Finablr. And whilst the company at first denied that there was anything wrong – more fool it – it is now clear that there were monumental problems.
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