Friday, 30 November 2012
1855 – shares plunge to 0.02€ + value cut to 10.66€M
29.11.2012: 1855 shares email@example.com€
Yesterday shares in 1855 closed down at 0.02€ a share on the Paris Bourse. Down by 0.01€ on the opening price. The share price has been oscillating between 0.03€ and 0.02€, although it is fairly rare for the shares to close at 0.02€ as they often scrape back up to 0.03€ at the close.
Today the shares are again mainly trading at 0.02€, although there are some transactions at 0.03€. The drop in share price naturally lowers the value of 1855 now down to 10.66€ million compared to over 15€ million if the shares trade at 0.03€.
Perhaps the steady stream of negative news and court judgments against 1855 are getting to their investors. How long before Emeric Sauty de Chalon has to tap up his 'fairy godfather' – Jean-Pierre Meyers – for some more capital to keep this 'arnaque' going?