Sunday, May 31, 2015 9:38:57 PM
FXCM was forced to take it. LUK had the freedom to write the terms any way they wanted to.
And they did, and that is why this one-time $17 stock is at 1.5 after falling well below the 2 buck mark it was hovering around.
The CFO of FXCM understands the terms. Read Carefully, in the CFO's own words. One. More. Time. Yet. Again.
http://seekingalpha.com/article/2998256-fxcms-fxcm-ceo-drew-niv-on-q4-2014-results-earnings-call-transcript?part=single
2 things here.
1, to answer the one guy's question, yet again, ALL of the business was rolled into Newco...
and 2) it is not tied to whether the loan is repaid.
(Once again)
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