Quote:
Originally Posted by jetset
These requests for comment were all submitted seperately and chased to boot after several days....it's like shouting into an empty tunnel.
The least I would expect from a truly professional outfit would be an acknowledgement explaining why a response cannot or will not be given.
Today's the 4 June and the 75 days are up - let's see what it brings from those comment-challenged folks on the Isle of Man!
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Looks like you have one answer. Neteller have announced the latest in the US saga, a further delay till July 13th, when they will announce HOW they are to implement an agreed return of US player funds over a 180 day period.
They have not said when shares are likely to be traded again, just a repeat of the reason why they must remain suspended. They cannot even say when the results to Dec 31st 2006 will be released. This is a company with serious issues, and they must know what would happen if shares were relisted. Most companies that have long term suspentions AND fall behind in producing company results emerge with some damage, and are either rescued by takeover, or go under to have the assets sold and debts written off. IF they have been truthful about client funds being held in separate trust accounts, players & merchants should not lose anything other than time, but investors and suppliers could lose everything. If merchant funds are not held in these trusts, they could well be affected, and we will see this coming as players as said merchants would stop accepting Neteller while their appeared to be no reason to.