Finablr Share Discussion Threads

[computercoders] 22/7/2020 13:39

Surely the investigation must be independent since a 3rd party investigator is involved or else what's the point. Hopefully evidence of wrongdoing hasn't already been wiped?

[acv74] 22/7/2020 12:00

The likely fraudsters still are majority shareholders in Finablr so will control the investigation??

[computercoders] 22/7/2020 08:08

What do you think will happen here peeps?

[computercoders] 22/7/2020 08:08

Ah right the finance deal?

[bubsy2] 22/7/2020 04:46

The deal with travelex

[computercoders] 21/7/2020 08:20

Bubsy what deal?

[bubsy2] 20/7/2020 22:32

CEO likes the deal so who knows

[tradejunkie2] 20/7/2020 19:26

The rise and fall of B R Shetty

[tradejunkie2] 20/7/2020 19:26

This stock is like a curry.

It goes down the toilet.

LOL.

[acv74] 20/7/2020 11:45

I suspect this is correct, but who carries the can? Surely a fraudulent IPO like this must have consequences?

[farrugia] 20/7/2020 07:36

Shetty is a fraudster and he stole from his listed companies as much as he could. There is no value left here - they've stolen everything. The little bit left will be taken by bondholders who will still end up losing substantial monies.

[acv74] 13/7/2020 12:49

I've just read a story from a few months back that suggests that the $1.3bn debt they "found" does not include any debt in Travelex. How you can lose that amount of debt I'm not sure, it's not a set of car keys is it.Basically Travelex is gone and we still have $1.3bn of debt....there are dodos out there who are less dead than we are.

[acv74] 13/7/2020 12:42

Aeg you're absolutely right to be asking these questions. Where does the effective sale/loss of our crown jewel asset leave the Finablr shareholders? Why aren't they telling us this?

[aeg90] 10/7/2020 14:47

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?

[bubsy2] 10/7/2020 12:32

The only gem left seems to b xpress money

[acv74] 10/7/2020 10:52

There are other parts to the group, the UAE exchange and other mainly Asian stuff.We've been conned, how the people who took this to IPO can get away with it I've no idea. Disgraceful.

[letmepass] 10/7/2020 01:45

So what do they own now?

[zen12] 09/7/2020 19:12

Time will tell, but it is certainly excellent news for the company as stated by CEO.

[bubsy2] 09/7/2020 17:35

Anyone think there is any value left here

[acv74] 09/7/2020 14:33

We've all been screwed over by the shetty family

[acv74] 09/7/2020 14:33

It seems Finablr no longer owns Travelex. How much of the debts have gone with it?

[intheknow69] 08/7/2020 20:25

Where does this leave shareholders though?

[bubsy2] 08/7/2020 10:41

I don't think that's a wipeout more of a support deal