I'd buy some. They made tons of profit from chf. People would be brain dead to not lend them some money to temporarily cover their regulatory requirements.
FXCM owed $225 million by customers who lost on CHF
- Thread starter m22au
- Start date
I'd buy some. They made tons of profit from chf. People would be brain dead to not lend them some money to temporarily cover their regulatory requirements.
No one is going to invest money with them and expect to recover that $220MM short fall nor can they issue stock with their current balance sheet to raise the needed capital. They're gone.
November's CFTC reports only had them at $46MM net cap.
It depends on the terms of the deal. You would think that Jefferies would be in a position of power to buy new equity at a low (<$1) price. But strange things can happen, especially since the stock is due for a dead cat bounce.
You f***ing idiot. They're bust. They are out $225MM NET. Yeah, it's only temporary until someone gifts them $200MM.
http://ir.fxcm.com/releasedetail.cfm?ReleaseID=891752
$300 million from LUK with 10% coupon
Having trouble getting an execution for my orders to short FXCM in the after hours, possibly due to the short sale restriction?
$300 million from LUK with 10% coupon
Having trouble getting an execution for my orders to short FXCM in the after hours, possibly due to the short sale restriction?