German borsen twitter feed. They recon it is UP or bust soon.
Just as peed off with Management as Lionelza 1.
My view, with a Lawyer CEO doing everything by the book/law means, "it is too risky to get out of bed in the morning" like the rest of them lawyers, hence the delays with everything. Legal department all over are business prevention units.
Will they go bust in 8 days? My view, if the PWC report had something severe enough, management would/should have reported it already and voluntarily pulled/suspended the share.(lawyers would have recommended that to keep current management out of jail) They did not do this. I recon they gonna blame MJ(and some of his insider Wilgenhof maatjies) and Accounting standard that allowed this to happen.
Steinhoff Share: That's why the stock explodes or crashes in 9 days
19.02.2019 - 16:18 clock
Steinhoff0.12 € + 3.00%
Steinhoff, a troubled furniture retailer, continues to be one of the most discussed and most heavily traded penny stocks in Germany, repeatedly attracting attention with price caps. The day of truth is getting closer and closer. Today, in nine days, the stock will collapse - either collapse completely or explode.
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A little message here, an announcement there. But the shareholders of Steinhoff International Holding have not really seen anything tangible in a long time. They are desperately waiting for numbers, data and facts about the course of business. They are finally to follow, bit by bit, but at least - little is more than nothing. Steinhoff will publish an interim report on the course of the financial year 2018/19 on February 28 - in nine days - provided the company complies with its own announcement.
By then, the stock will most likely attract attention with a significant price reaction. A few days ago, SHAREHOLDERS Andreas Deutsch wrote at this point: "If the trend in sales clearly down, this should put the stock powerful under pressure." Otherwise, it could grow significantly.
The long-awaited reports for the 2016/17 and 2017/18 fiscal years, on the other hand, are unlikely to be published until 18 April 2019.
Meanwhile, law firms are mobilizing against the company. In an interview with the SHAREHOLDERS, lawyer Maximilian Weiss recently called on investors to inform themselves about possible transactions, at least free of charge.