Wirecards’ 500 million euros of bonds due 2024 last traded at 20 cents on the euro . The company’s 900 million euros of convertible notes stood at 12 cents, according to data compiled by Bloomberg.
I don't understand why the new fashion is to gamble with worthless bankrupt companies like LK , Hertz and now Wirecard
This can be a good game for day trader but my advise is to cash your gain at the closure if you are lucky enough to win
Equity is worthless , they won't be enough money to cover the debt-holders already.
This is casino so please know what you are doing
The raids come as Jaffe said the assets are getting interest from “numerous” global investors and a sale process involving investment banks is on the way.
“A large number of investors from all over the world have already contacted us, who are interested in acquiring the core business or the independent business units that operate successfully on the market,” Jaffe said in a statement.
How German Fintech Darling Wirecard Fell From Grace: QuickTake
The company will carry out a structured transaction process involving investment banks specialized in various areas, according to the statement. An analysis of the causes of the crisis and verification of payment flows is also taking place.
Worldline, a French payments company, is among parties interested in buying parts of Wirecard, German newspaper Frankfurter Allgemeine Zeitung reported last week. The German group’s North American unit is seeking to be acquired, with an investment bank coordinating the sale process.
You might choose to keep it with the hope it is pumped and dumped again , but it is a gamble. key question for you is can you afford to keep and lose all of it ?