FGE
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0.00% 91.5¢ forge group limited

trading halt !! , page-24

  1. Baraka
    1,195 Posts.
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    11/02/14
    10:43
    Post #: 12918606
    guys

    banker has withdrawn support.

    any debt incurred now raises prospect of insolvent trading and directors personal liability. any rights issue would take time, and during this period board would be on the hook. turning over 800m per annum, so north of $2 a day in credit being incurred .

    i dont think any board would take on this risk.

    stick a fork in it folks, it is done.
    FGE Price at posting: 91.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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