Odds on, this will be more bad news. The announcement says it relates to "financial position" (not financial performance), so it will be something that impacts on its balance sheet. If current shareholders are lucky, it might just be a write-down of goodwill or something like that. A more serious scenario would be if FGE has more funding difficulties, especially given that FGE's financial position was already rather precarious. I'm not going to speculate on what might happen next, but it wouldn't surprise me if the trading halt goes on longer than first anticipated.
FGE Price at posting:
$1.25 Sentiment: None Disclosure: Not Held
