Workhorse: Strong Sell On Insolvency, Failed USPS Bid, Unviable Products, New Price Target Lowered To $0.00 For … – Seeking Alpha

I believe Workhorse (NASDAQ:WKHS) is now teetering on the edge of insolvency after indisputably failing its unviable USPS bid attempt. Since my initial report, WKHS fundamentals have deteriorated faster and to a greater degree than even I expected, causing WKHS to lose nearly half of its value. Recently however, investors have become confused again about…

How the planets fell out of alignment for stockbroker BBY – The Sydney Morning Herald

So, who was running Australia’s largest independent stockbroking firm BBY in the four years leading up to its spectacular demise? The ‘tyrant’ chairman, the legendary tennis player, the consultant psychic, and the chief executive have mostly been pointing at each other during the past two weeks in the witness box leaving only one clear impression – that…

EMRISE CORPORATION Announces Estimated Date and Amount of Third Liquidation Dividend Distribution to … – GlobeNewswire (press release)

WOODBRIDGE, N.J., Sept. 23, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a third liquidation dividend distribution to its stockholders totaling approximately $1,300,000, or $0.120 per share during the week of October 24, 2016 (the Distribution).  When…

China state-owned non-ferrous metals group declared bankrupt – ecns

State-owned Guangxi Non-ferrous Metals Group Co. in south China’s Guangxi Zhuang Autonomous Region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept. 12, the company had neither submitted a restructuring plan within six months of the court’s initial ruling, nor…