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Steinhoff - Soon too be penny stock

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Mr_Money
Regular Contributor

No good news fortcoming. Looks like massive FRAUD has taken place. Even the auditors cant get a hold of this. Sell before it's to late?

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partridge1
Regular Contributor

too late for what?


@Mr_Money wrote:

No good news fortcoming. Looks like massive FRAUD has taken place. Even the auditors cant get a hold of this. Sell before it's to late?


too late for what?

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Mr_Money
Regular Contributor

possible share trading suspension 

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Mr_Money
Regular Contributor

Quote from Bloomberg "While the share price reacted violently to the lack of progress Tuesday with bank creditors, the bonds of Steinhoff were less perturbed. But that is because they’re already assuming no value for shareholders.

There will be some worth in Steinhoff’s retail chains. But investors shouldn’t get their hopes up that it will be much".

© 2017 Bloomberg

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