Yeah, i know about the link (laughs) I had it posted for about a minute or two, then removed, but it seems - not fast enough. If those connections are cut, then it's the same as cutting the arteries of a living organism. And if it's a perma move - good lesson. The last dot in this story, isn't placed yet ; second guy will do man vs wild in Philippine jungles, to avoid cops, and the complete end of it all, remains to be seen.
There was no money that is just the problem. If there wouldhave been 2 billion the books would be correct. Imaginary transactions were made to make Wirecard look much bigger than it was. The bigger Wirecard, the higher the stocks went. So management made money from blowing up the stockprice, not from their salary. Same story as L&H a few decades ago.
Me too and I am still doing it. Bought GE the other day, after losing my shirt many many times on GE.
Company will exist in some form, customers will continue to be served, employees will remain, suppliers will be paid, debt holders will take over ownership and shareholders will get nothing.
3.5 billion debts, 33% of transactions are fake. That's what they found out already. When we will know the whole story nobody will take over anything as there will be nothing left. Competitors will take over the marketshare that Wirecard had.
"Those were the days my friend We thought they'd never end We'd sing and dance forever and a day We'd live the life we choose We'd fight and never lose For we were young and sure to have our way"
Let's catch up with the latest about Wirecard's COO. Thread Reader: https://threadreaderapp.com/thread/1763514514668912722.html