STORY – The market is witnessing a battle led by short sellers who accuse the company of Mafia ties.
Rarely has a stock market massacre been so predictable. This Whit Monday will be a Black Monday for the Solutions 30 share, which will trade for the first time since May 10. Blocked for two long weeks, investors now know the reasons for this exceptional suspension: the refusal, just as exceptional, of the auditor EY to express an opinion on the financial statements of the company.
A thunderclap in a case that smells of sulfur: for six months, Solutions 30 has been publicly accused by Muddy Waters, specialist in short selling, of maintaining links with organized crime and of lending the flank to money laundering. The battle created unease on the place of Paris, where Solutions 30 previously displayed the profile of a “success story”, consecrated last September, with a market capitalization of around 1.5 billion euros, by its entry into the SBF 120, the index of the 120 largest listed companies
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