Seems conspiracy to wipe out investor
$FARFETCH LTD(FTCHF.US$ It’s common delist into penny before material thing is out. It there’s no material on pricing, dealers guess, the board wants to wipe out investors. Wall street used to pay a little token money for bail out , to avoid troubles in future. Nowadays, IB kids are ruthless, business leaders do not care legal or reputation consequences. There are lots of games can be played and had been used in Asian many time.
But there are consequences. You don’t pay premium, market believes you bought negative value things. Even coupang could buy like 90% off, stock price drop sharply as 500M USD are wasted. To save 50 cents to 1 dollar per share, you screw up investors and most importantly large institute, they will blacklist you dishonestly. If you know individual investor of Farfetch, what kind of fool trys to publicly rob money from richest people, they don’t care the money at all, but they care reputation/ face. They have full time lawyer for fun, sorry to f??k whoever want to play direct game. Without court approval, such wipping out 100% will receive lawsuit and some clawback, if farfatch will revive. US court does NOT protect retail investor, but protect minor interest. I know a few cases, the conspircy does win, but their dirty game costs a lot of time and legal fees. Losing more than they took.
Anyway, don’t buy unless you are experienced otc player. I have holding period requirement from employer. I’ll keep my shares until conclusion.
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102685159 : It's over now, isn't it?
73603661 : Isn't it bought by a Korean company
102685159 : How do you sell $5,000 back to $300...
102685159 : Lost 98%
QianmengYu OP 73603661 : It's been three days since the purchase price was not disclosed... Dangerous.
QianmengYu OP 102685159 : I'm also sad. Maybe British investment bankers like to have fun like this recently? It's very similar to the venator I'm stepping on, just the way Hong Kong stocks and fairy stocks are playing. Blind guesses that the next step is intentional bankruptcy protection, then the lender takes over, using a few cents in the OTC market to calculate the debt-for-equity ratio. In the end, stock reduction eliminated Junior's creditors and small shareholders. This is generally illegal in the US, but it seems that UK law protects creditors more, so is it permissible? Because I stepped on and dodged a few games that played with death, either the British stock market or the Cayman Islands, think about why there are so many old people in Hong Kong.
102685159 : It's no use... a few pennies
WangShen : Hope Neves goes to jail, like the Nikola guy who got 4 years