by Structured Settlement Watchdog
Is the blood is gushing out of JG Wentworth's carotid arteries? Today the JG Wentworth stock plummeted 52% in its first day of trading on the OTC, after New York Stock Exchange trading in the stock was suspended June 17, 2016 (pending delisting), with a wild trading range of 20 cents to 42 cents on about 15 times average volume. At the time of posting the stock is 21.5 cents. The JG Wentworth Company market cap is now only $5.26m.
JG Wentworth 8-K filed June 20, 2016
Not much you can buy for 21.5 cents these days. Maybe a sample size of bubble gum. then again maybe not. That might go for a quarter. Would a bunch of penny ante poker players accept a share of JG Wentworth in the pot?
In my opinion, an inquest needs to be made into The JG Wentworth Company and to question financial analysts who recommended this stock just 10 months ago when it was at $8 and sucked investors money into the stock which has been nothing short of a disaster. As I reported in March, there was a dearth of sell notices on the stock until then. But something has been very rotten in Radnor and the analysts blew it.
Is the JG Wentworth "Funeral Dirge" Sounding at $1.16 a share? January 13, 2016
JG Wentworth Stock Analysts | Is It Time to "Send In The Clowns" March 9, 2016
What is the value of the JG Wentworth brand after one bankruptcy in 2009 that screwed investors and just seven years later, whatever you call what they're doing now, screwing investors, again? Investors, this is the leading company in an industry there is no licensing and where sales practices are completely unregulated!
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