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DirectGE shares plunged more than 11% at close on Thursday, the biggest drop in 11 years after reports questioned the company's financial position.
GE's downfall came after the Marco Wall, citing the Ponzi scheme scandal, was quoted in The Wall Street Journal as saying that GE's financial revelations concealed problems within the company.
General Electric suffers from a shortage of operating capital, the main measure of its liquidity, and its liquidity situation is far worse than that announced in its periodic information, Marco said.
GE issued a statement from its chief executive, Lawrence Kawalp, in which he claimed the allegations were false, but the company confirmed that such allegations would be taken seriously.
"These claims are a clear and simple manipulation of the market," said Kolb.
In the second quarter, the company recorded losses of $ 61 million (one cent per share) compared to earnings of $ 615 million (7 cents per share) in the same period last year.
At the end of the session, the company's shares fell to $ 8.01, a decrease of 11.3%, the largest daily decline since April 2008.
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