After nearly 9 months of being halted, FU shares will be delisted! Shares have been halted since 11/22/2013. Recall, the GeoTeam that exposed FAB’s undisclosed bond offering through the publication of two articles and that Alfred Little Group articles exposed wide ranging misrepresentations in the FU story. Please, see King Wood diligence findings that highlight serious operational issues.
Shares will trade under the symbol FABU on the grey markets. We will look to add to our short position if the stock does not open below $1.00.
Recall that LIWA recently opened on greys over $1.00 after it was un-halted and gradually traded below $1 as the trading day progressed. This opportunity arises from brokerage firms not allowing clients to trade the greys electronically.