Hmmm...I had 2 cfd accounts and today they decided to liquidate them. They had KZl ...in administration still as holdings...100,000 of them...
I just received an email, saying they are in administration, and not traded for 6 months and will be liquidated...in the event that they relist, my account will be reimbursed ..
the think is I dont have the 12k they require .
Dont know what to do.. I had thought KZL may relist (at a lower price) and i was hoping, by then I would be in a position to put some $$ in and trade out of it... but with what they did tonight...hmmmm. the thng is can they do that? its not finalised, therefore I shouldnt have to pay up?? they cant take blood from a stone... anyone else facing this, or with margin loans???
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Held