GreenBank Capital (TSE:GBC) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
GreenBank Capital faces a financial predicament as the Future Fund demands repayment of an £11.2 million loan from its affiliate Staminier Limited, which may lead to Staminier’s insolvency. Additionally, GreenBank is embroiled in a lawsuit in Wyoming, where it is accused of involvement in the so-called ‘Freeway scam’, though the company denies any wrongdoing. The company is also under a Cease Trade Order due to delays in filing its accounts, resulting in the suspension of its shares.
For further insights into TSE:GBC stock, check out TipRanks’ Stock Analysis page.