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Re: pennypauly post# 195

Wednesday, 07/06/2016 7:35:24 PM

Wednesday, July 06, 2016 7:35:24 PM

Post# of 375
LMAO...based on what? Have you seen their most recent FS? These are in '000s of Euros. Even if they get another $2 BILLION from a lawsuit, heck give them $3 BILLION, there still isn't enough to satisfy the creditors. And in the event of liquidation, creditors must be paid 100% before anything is available for distribution to shareholders. In other words, creditors, both secured and unsecured rank ahead of common shareholders. A link to their financial statements:

http://www.bes.pt/Comunicados/20160523%20fsd160713_uk.pdf

Oh, and BTW, were you aware that they cannot accept deposits? Or lend money? It is only a matter of time before the plug is pulled and this gets a "Q" as the fifth symbol at the end of it's ticker