Well put B...couldn't have said it better... unfortunately yes seeking alpha isn't always accurate with it's articles and authors...which is why so many like to use it to spread negative and inaccurate news... which is why I stated that shorts will use this and other forums... Yes FXCM is on tract and I am sure financials will show this... I think what most readers of the 8k fail to see is that the terms of the contract is that leucadia stands to gain much more if FXCM is sold... AS FXCM pays off more of the loan and without Defaults the valuations changes... this is why corporate officers amended their bonus contracts in the event of a sale of FXCM... leucadia only forces sales of non-core assets if payment isn't made and in default...what many fail and misread in 8k...... FXCM is on tract as we see with minimum payment made... hence now the shorts will pull out all stops and yes like you said bUrRpPPP use seeking alpha for negative and misconstrued news....
bUrRpPPP! You nailed it there regarding SeekingAlpha. With FXCM now offering more transparency to its customer base with regards to currency movements,more traders will subscribe and monthly metrics will rise and profits will grow. Fxcm has not detailed any amounts collected from institutional loses yet,which should pay down more of their debt.
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