Monday 26 October 2015

Globo (GBO) ... finally, all is revealed

Monday 26th October 2015

"Falsification of data and misrepresentation of the Company's financial situation."

Who'd have thunk it?: Globo thread 

CEO gone.
CFO gone. 
COO's palm to forehead ... thwack ... and suspended. 
CEO sold as much of his stock as possible. 
Joint broker, Canaccord resigned with immediate effect. 

Major questions for Grant Thornton the auditor and RBC Capital Markets the Nomad.
And who bought the CEO's 42 million shares? 

GBO - it's all over
Source: Bloomberg
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