FGE 0.00% 91.5¢ forge group limited

takeover - why so many lies last week?, page-35

  1. 1 Posts.
    minizhu: approx zero possibility.
    FGE will be broken up for sure.

    The company was in appalling financial shape and very badly managed, and being a service company, had very little in the way of assets, but overwhelming debts.
    This means that shareholders being at the very bottom of the pile will most likely get nothing, or next to nothing if they are lucky.

    Disclosure: up until 3 days ago, I had a small parcel of FGE shares, but annoyed with the 3 THs and suspicious of the constant gyrations of the SP, I got out for a small profit.
 
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