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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Finablr Plc | FIN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.48 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.48 | 10.48 |
| Top Posts |
|---|
Posted at 08/3/2022 11:38 by myself7721 These investors and the board of directors are all hand in glove- these people are cheats of the first order- in case of it’s sister concern NMC the class action suit in the us has been settled - at least they have got some money. In our case these cheats are just eating away our money, dont know what the regulator is doing. |
Posted at 04/3/2022 12:07 by myself7721 The auditors also realized these fraudsters new investors at work, hence they have resigned. Sorry state of affairs. |
Posted at 17/2/2022 14:49 by myself7721 These guys are crooks, any company can get this strike off suspended it’s a normal routine this does not mean that retail investors are going to get anything, these guys are plain crooks. |
Posted at 29/11/2021 18:34 by indomie1 The appointments have all been made by Wizz not Finablr plc. with the exception of the new auditor. The company have already said they will sell Finablr Ltd to WizzFinancial in return for providing working capital to support various investigations and for up to $190m in any recovered funds.I've never come across a situation like this one before, which is clearly worrying for any small investor who bought in off the back of the IPO and up to the launch of the various investigations. Hard to believe Finablr was listed in a blaze of publicity and trailed as the future of fintech in the MENA region just two years ago! I keep hoping it was all a big misunderstanding and the missing funds were invested in Bitcoin or XRP! |
Posted at 15/3/2021 19:57 by arfaday I think investors have lost all in finibir, unless someone knows different |
Posted at 10/9/2020 14:33 by 99bjd My Interactive Investor account now showing -100% with value of zero |
Posted at 07/8/2020 16:58 by melpan For those of you enquiring, this will never relist as there is no equity value left. If you read the latest restructuring release, the priority and seniority goes to the new investors and/or the previous debtholders (depending upon which part of the business it relates to) and they have clearly stated that they will not get paid in full. Hence being equity and the bottom of the pole, there will never be any money left to flow down to us.The way this has been handled is scandalous. If there was a viable business (which there clearly is) then they could have explored a massive rights issue as well as debt financing. At least that way, existing shareholders have a) Some liquidity and b) A chance to minimise losses. This all smells a bit funny as we don't know what the type of fraud there was, how much, whether there will be any chance of recovery etc etc It seems they pulled the trigger and wiped out shareholders without giving us a chance to investigate and/or sue for potential recoveries from management and/or auditors. Am down a hefty five figures on this. If we were in the US I would have happily - and easily - signed up to a class action lawsuit. In the UK the law and regulation - esp the FCA - are completely incompetent and against the smaller PI unfortunately. If anyone knows of a shareholder action or rights group which would help us pursue the previous management AND the auditors, please post on here. I will participate. At the end of the day the way I see it, its pretty simple, if the shareholders are wiped out then so should the previous management - ie they should be declared bankrupt and their assets seized. Not sure why this avenue has not been discussed in any of the company releases. The administrators just seem happy to restructure and move on. The Skadden appointment is useless to shareholders as they've already made the decision to wipe us out by restructuring. This is because they are unlikely to find MORE money than was embezzled !!!!! So anything recovered will all go to creditors and they will be happy because they could get paid their losses in full AND own a share in the future business. Whereas, we have no participation in the future business at all. |
Posted at 10/7/2020 14:47 by aeg90 hello, fairly new to investing and ADVFN hence advanced apologies to all of you if this post sounds strange. I have a small amount invested in finablr as I thought the price fluctuation was an over reaction of cyber attack + nmc. Only found out about the accounting issue's later on by then it was suspended. With Travelex's latest update, where does that leave a finablr investor? Finablr site still has travelex brand on them - however some of the posters seem to suggest that Travelex control has fully gone to the creditors? Appreciate if you experts could shed some light on this. Also as ACV74 asked, very much interested in finding out with this deal (if finablr no longer owns Travelex) what's latest on debt? |
Posted at 12/6/2020 12:06 by farrugia Its a zerohxxps://www.cityam.c nothing will be left for shareholders. Debt investors trying to take control? |
Posted at 21/3/2020 16:30 by h2owater From LSE bb:MSKAToday 16:09Contacted Investor relationsFrom the website. Got a response... working hard to solve this, can?t give specific details, not too sure when suspension will be lifted and a comment about ensuring equity investors don?t lose out. So all in all standard response I expected however let?s see what really comes out. Good luck allP.s investor relations I contacted is on the FIN website |
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