Details

Titel

JGW Announced Devastating Financial Results Casting Doubts On Its Continuing Ability To Pay Structured Settlement Sellers, As Its Settlements Division Continues Downward Trajectory

Ist Teil von

• M2 Presswire, 2016

Ort / Verlag

Coventry: Normans Media Ltd

Erscheinungsjahr

2016

Beschreibungen/Notizen

• RADNOR, PA - - JGW announced their 2016 First Quarter results yesterday. JGW lost $35 million in the last three months alone and it now appears that JGW no longer has enough cash on hand to pay its obligations when due, its stock price dropped 35% in one day and has been given notice from the NY Stock Exchange that it is about to be delisted as a company. As a result of this, many customers of JGW are becoming very nervous that they may not be able to complete their annuity sale transactions with them and may not get paid when they were due to be paid or at all. Financial experts have weighed in on this latest difficulty for JGW by rating the stock an overall "sell" outlook. Speculation on the Street is that JGW's Structured Settlement, Annuity and Lottery purchasing divisions, the largest of their kind in the US may shut down completely. * Even more troubling is that JGW is aware that they will soon receive notice from the New York Stock Exchange that they are below the NYSE's standards. JGW responded by assuring the public it is trying to work out an agreement to restructure their business to address the issue.