re: use of irresponsible headlines
I would not be too harsh on the lad/lass stocko.
We all know, that value of shares has no relavency as to whether a company is liquid or ill liquid, and also when they are going to go under or not!.
KCG in its quarterly report on the 30 january, indicated that they had a total sum of approx $328K on hand at the end of December, and if they hadn't issued a bunch of shares/options raising $628K during the quarter they would now be insolvent.
Lets deal with the facts, they need to raise more money to test the deposit... so the current shareholders need to stump up more cash in the near future or get diluted. No doubt lots of chest pumping and bluster will occur, but KCG is floating close to the margin.... is definately survival time at KCG and I hope they don't try and stretch the truth toooo far..
