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Yeah it's done and even as OTC, how and why would it ever go back up.....if this happened to them in a day period, why would anyone think this would ever be worth anything. I took my loss like the dummy I am for buying it.
ONE OF MY BROKERAS refused my trade saying back office says company restricted trade and it would be $200 commission. Other dicount broker allowed me to buy at 6 cents DOH now at 4 cents. If buying is restricted for some no wonder the imbalance last at 4 cents
Volume is crazy and people are obviously selling, but people are buying too.....need a miracle
Well, now it's an OTC........please let it scream up....but it's in the dime range pre market
COMPLETE DESTRUCTION - all common shareholders LOSE EVERYTHING
thanks to Joe Biden and his SEC
shareholders UTTERLY DESTROYED
The shorts win again, in Joe Biden’s economy
$4k for me. I should have sold when I was up 40% but I was a pig and got slaughtered.
Complete elimination of all class A and B shares.
Utter destruction. All investments gone.
Yep, that's the next sentence after what I posted. BS......I sure did pick another loser. Messed up, that it was posted as a great buy over the last 3 months and I watched it closely, until It got to 1.10. Got fooled. $1K down the drain.
Upon consummation of the sale, Farfetch expects that holders of its Class A and B ordinary shares and its convertible notes will not recover any of their outstanding investments in Farfetch
But I just read to be delisted on SA.
It lives as s software provider.
Meaning FTCH disappears and we get nothing? Or Coupang assumes our shares?
SOLD to another Chinese SCAM company. This is done.
Not even sure what this means for us....especially since the SP keeps dropping:
Coupang To Acquire The Business And Assets Of Farfetch Holdings; Agreement Gives Farfetch Access To $500M Of Capital To Continue Providing Exclusive Brands And Boutiques With Bespoke Cutting-Edge Technology; Financial Terms Of The Transaction Were Not Disclosed
THIS is SUCH a gamble....but I'm in. I either lose it all as this becomes and sub penny stock, or boom, they get their shit together and we make some money!
correct. Otherwise it will start to dump out with the end-of-year tax selling
I know interest rates are low, but wow:
Farfetch’s partnership with Alibaba and Richemont took a step toward completion this week, with the online fashion platform issuing a total of $600 million, or $300 million each, of 0 percent convertible senior notes, due in 2030.
* * $FTCH Video Chart 11-13-2020 * *
Link to Video - click here to watch the technical chart video
* * $FTCH Video Chart 11-02-2020 * *
Link to Video - click here to watch the technical chart video
Great idea. Trying to be the Amazon with fashion. The only difference is that Amazon sells a variety of products.
Farfetch has further boosted its liquidity in these uncertain times, raising an extra $350 million in debt through the issue of convertible senior notes due in 2027. Earlier this year, the company had tapped Tencent and Dragoneer Investment Group for $250 million, via a similar debt issue.
If anyone is looking for a great moving company in Brentwood, Tennessee I recommend Cool Springs Relocation. They just moved me to Franklin, Tennessee. They are not this cheapest but are the best movers I ever used. Cool Springs Relocation
"Farfetch: One Of The Most Attractive Growth Plays From The Luxury Goods Segment" according to seeking alpha by Aleksey Razdolgin. I'm not so sure durring Covid! Look what happened to Brooks Brothers. This is the store I did shop at. Seeking Alpha FTCH
FTCH has free cash flow of -$100.35 million as of 03-2020.
insert-text-here
Disclosure: I hold no position in FTCH, either long or short, and I have not been compensated for this article.
Farfetch Paradox Forecast -12.02% Fall
https://www.nasdaq.com/articles/the-ftch-paradox%3A-analysts-bullish-but-forecast-12.02-fall-2020-08-03
Tencent and Dragoneer are each investing $125 million in convertible senior notes issued by the luxury fashion platform. "The additional capital supports Farfetch's long-term strategy of delivering a global technology platform for the luxury fashion industry and facilitates the Company's continued focus on executing its growth plans, including in the key China market, and driving towards operational profitability," Farfetch said in a statement.
I remember a couple of months ago this was at 7 a share. I thought it would crash because of COVID and the high debt but it's been on the rise.
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