Markus Jooste resigns - some squeaky bum time

Well this is a surprise :whistle:

It is no surprise.

For years many have been saying that Jooste must be watched. Their voices have been drowned by the uninformed majority that Jooste walks on water.

If Jooste was in control of or responsible for or involved in finacial and accounting irregularies in Steinhoff I shudder to think of what has gone on in

Phumelela
The Racing Association
The Racing Trust
Mayfair Speculators
CTS
Klawervlei.

.....he'll have to scale back.....and that is a fact..... :blink:

Just a friendly reminder if anyone is holding Phumelela shares (no idea why you would want to in the first place) its a good idea to exit stage right :whistle:

STEINHOFF INT HLDGS N.V- SNH
2000 -2,565 (-56.19%)


Sale 2000
Buy 2074
Sell 2074
Move -2,565
% Move -56.19
Volume 42,800,406
Deals 3532
Today's High 2577
Today's Low 1756

There's no escaping this, a bloodbath as investors unbundle tainted shares

The missing link wrote: Just a friendly reminder if anyone is holding Phumelela shares (no idea why you would want to in the first place) its a good idea to exit stage right :whistle:

PHUMELELA GAMING AND LEISURE LIMITED - PHM
1601 -179 (-10.06%)

The dots are being followed

The smartest guy I know in racing tipped Van Vuuren about 2 years ago as having stolen the money
When the proof came out his reason was "I call it F-you money"
never had to work for it!! So easy to spend
Has always said could not understand Steinhoff as when all furniture retailers in Europe were shrinking they grew 40%
Did not make sense when Ikea lost sales and they grew in the same period

STEINHOFF INT HLDGS N.V- SNH
1950 -2,615 (-57.28%)

% Move -57.28
Volume 89,717,046
Deals 13958

An absolute bloodbath

snapshot just now.

The above link has been the most shared “ hot news” link in the history of Whatsapp

Morning All,

By now you would have heard the news that Markus has resigned as CEO of Steinhoff.

Steinhoff CEO Resigns Over Global Retail Accounting Failures
www.bloomberg.com/news/articles/2017-12-...ounting-regularities

At this stage I am still as much in the dark as all of you and not certain what the future holds. We however have a job to do and horses to feed and I suggest we get on with it with even more vigour and determination than before.

I’m available on my phone should anyone need to discuss anything.

Regards,

Derek

Getting worse.......Mac get ready to buy when I tell you....... :whistle:


19.90 -25.75 (-56.41%)
Wed 6 Dec, 11:21am, Intraday delayed



In old days (good) if a Share lost more that 10% in a day it was automatically suspended!
Seems that no longer is in force....they now want you to loose all your money in a day.. :ohmy: :ohmy: