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.
The Revel Collective (TRC) has issued a “Notice of intention to appoint Administrators”-titled announcement including that it “intends to appoint administrators within 10 business days. The business will continue to trade and the company will continue to work alongside advisers in order to preserve as much value as possible for all stakeholders as it advances a potential sale of all or parts of the business”. So what’s the likely shareholders outcome from here?
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