Bear Raider Evil Knievil warned last week that Albermarle & Bond (ABM) was on its death throes and that a short was free money. The company has today warned that the banks will not support its recovery plan and that it must therefore try to sell assets but this will not realise even the amount it owes. Albermarle thus concedes that its equity is worthless and its shares have been suspended. We warned you to sell last week HERE.
To those who ignored that warning
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