After some 500 negative comments on the earlier posts on the fall of Van der Moolen, this won’t really come as a big surprise. The company finally filed for bankruptcy Wednesday night. One day earlier the brokerage department (Aespen) escaped the burning house with a management buy-out.
The press release noted that discussions on the transfer of remaining trading positions are in an advanced stage, and everything will be liquidated. Without positions the traders won’t be of any use – they will probably be fired.
Nothing left for shareholders
There won’t be anything left over for the shareholders. The share price will sink as it turns out to be a worthless piece of paper. The company will join the mass grave filled with the corpses of DAF, Baan, Ceteco, KPNQwest, …