Global Brokerage, f/k/a FXCM Inc, registers wider stockholders’ deficit in Q3 2019

Maria Nikolova

Total stockholders’ deficit stood at $109.5 million at the end of September 2019.

fxcm

Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has earlier today published some data on its website concerning its performance for the three-month period to the end of September 2019, with the report revealing widening shareholders’ deficit.

Let’s note that the company has not been posting any SEC filings since the delisting of its shares from NASDAQ and the launch of its Chapter 11 proceedings. What Global Brokerage posts now are sheets with numbers that cannot be verified.

At the end of September 2019, the total stockholders’ deficit stood at $109.5 million, according to the latest report. This compares to stockholders deficit of $89.8 million reported at the end of the first quarter of 2019 and stockholders’ deficit of $99.9 million at the end of the second quarter of 2019.

The company remains loss-making. In the third quarter of 2019, the net loss amounted to $9.49 million, compared to a net loss of $12.4 million registered in the second quarter of 2019. The loss from continuing operations is $5.86 million.

Total net revenues for the three-month period to end-September 2019 amounted to $31.58 million.

Read this next

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

Web3

COTI Teams Up with Civic for Enhanced Digital Identity Control

СOTI and Civic are teaming up to enhance digital identity security in Web3, aiming to provide users with more control over their digital selves through innovative technology.

Digital Assets

BlockDAG Takes on Chainlink (LINK) Crypto, and RON With DeFi Card and 5000x Profit Potential

Explore BlockDAG’s innovative DeFi card, which transforms cryptocurrency into spendable cash, alongside Chainlink (LINK) crypto and Ronin’s advancements.

Digital Assets

Court finally decides on Sam Bankman-Fried sentence, experts predict 20 years

Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, is set to face sentencing on Thursday in a pivotal moment that could see the entrepreneur beginning a lengthy period in federal prison.

Crypto Insider

DeFi Winter Thaws: A Look at the Emerging Landscape

The past year has seen a significant shift in the Decentralized Finance (DeFi) market, transitioning from a period of decline (“DeFi winter”) to a potential season of growth.

<