By Tom Winnifrith | Wednesday 24 June 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Not all of them, of course. The regulator, on this occasion, is not concerned with the unpaid wages, the unpaid payroll taxes, the criminal charges laid against Meyer and her failure to appear in Court when summonsed. As ever, it appears that while Meyer boasted how her Maltese operations were hugely profitable and had massive asset backing, for some reason, there was never any cash to pay even small bills. But it is not that which the MFSA has opined upon.
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