Also, the assets they list include 1 B client assets. Which is about 100 million less than they would have had with just the 225 wiped out.
Imo the business update was given friday before things got worse.
The fundamentals here are hugely changed according to the luk agreement. I strongly suggest anyone invested here to read, and more importantly, UNDERSTAND what it means.
The understanding of the fundamentals will make the Citi price target less of a mystery.
Nobody can predict a stocks price, so that's not really misleading.
They can pay off the loan early.
Lower leverage is good for this business, because it means less risk. Again, they don't get paid when people make money, they get paid when people make trades. It's how most forex platforms operate. The hold a lot of clients money, which is where FXCM saw a lot of cash loss.
Learn ablut the company you're trading about, and maybe do some trading on forex. It will make you very humble very quick.
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