KZL 0.00% 12.0¢ kagara ltd

my cfd account was liquidated

  1. 19,064 Posts.
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    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???
 
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