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silvernewbie
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Posts posted by silvernewbie
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As mentioned the investors will be the ones facing the losses, many who are from crowdfunding.
However all of this arose from a creditor forcing administration so there is some personal vendetta or plans to takeover the company in some way, as forcing liquidation would mean he/she doesnt get paid at all!
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Hey not yet administrators are still doing the recon and update yesterday was no issues found so far with the customer segregation, plus another update due on monday when they are expected to finish
The directors have maintained throughout the fca segregation requirements were fully followed (for cash and gold), plus i did some digging as i work in the industry and found out a few things which have almost assured me 99% they complied with the EMR segregation rules.
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Such a site would be so useful!
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1 hour ago, Bumble said:
The administrators will have to assess what assets and liabilities the company has. If possible, they will try to find a way for the business to continue as a going concern, perhaps by finding a buyer for it. If not, the company's assets will be divided up between the various creditors. According to Glint's website, the gold is allocated to its customers, so they will not lose out, though it may take the administrators a few months to sort out. The parties who will lose out are the investors. Most recently, Sprott invested $5 million as part of the expansion of Glint to the USA.
Thanks, my transfer our is stuck at pending, i hope by selling it i havent made things worse in case cash isnt protected
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GOLD DEALS - (UK & Europe) See a deal, post it here
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Any offers on 2018/2019 Gold full sovs or 1/2 oz kruggerand? 295 is cheapest i can find