When the Broker Long & Black, also on Saturday can be traded, and listed the papers of the Dax group in the early afternoon at 22,25 Euro and thus just under 14 percent below its Friday closing price. The daily turnover was around 2 million euros was exceptionally high. Wirecard shares tumbling since Thursday through the Floor. On Friday they closed with a Minus of 35 percent to 25,82 euros. Thus, three-quarters of the stock market value of the goods, within two days there. Almost 10 billion euros had vanished into thin air.
On Friday evening, the group was known to have the investment Bank Houlihan Lokey hired to develop with you together “a Plan for the sustainable financing strategy of the company”. Houlihan Lokey is regarded as a specialist for difficult restructuring and bankruptcy cases, and was already in the cases of Enron, Lehman Brothers and – in this country – Steinhoff is active.
Wirecard has been able to provide evidence of the presence of 1.9 billion euros that are supposed to be on trust accounts in banks in Asia. As the auditor of EY refused in consequence of the attestation for the annual financial statements, banks might Wirecard turn off the money faucet. The company’s CEO Markus Braun, resigned on Friday, on an interim basis, the US Manager, James Freis, who had only been on the eve of the appeal to the Board does.
dpa
