Well, CGG is down again. Today it is at $1.49, down 8.5%. Will it get below $1.00 by the end of the year or the end of January? This company will end up with bankruptcy and being sold off in pieces to pay sc-aps to the debt holders.
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CGG stock is now $1.20. Start sending out those resumes.
Stock price is now $1.29. Could be at or below $1.00 in the next month.
Maybe due to low oil price, poor performance & yellow vest demonstration in France.
-16% today (1.07 euro per share now).
Any idea what's going on except oil price??
Capital market day about a month ago
Market Cap reduced about 50% the last month. The end is near!!!
At close it lost ~7% (1.24 euro). The market cap is now 880m euro which is ~1b USD. It was >2b a month ago.
-5 % today!!!! (1.27 Euro this afternoon).
Time has come, it’s time for the end game.
Run before it's to late.
Market is wise and would not lie.
Do not forget, it's a good indicator!!! Maybe you remember the reverse split, 1/32, about 1 1/2 year ago? I'm glad I do not have CGG shares any more (everything sold 2013/14), after the ridiculous CGG-Fugro stunt!! Get out before it's to late!!
I guess you realise that stock price has no direct link to bankruptcy? You should be more interested by how much cash is left.
I keep my champaign in cooler and keep it ready to pop it when CGG file for bankrupcy.
Paris: 1.29 this afternoon
Maybe it's a good idea to look for a new job? (before it's too late?)