The Tailwind issue has been mentioned by me on here before and Pilot investors looking at write offs of up to €40k.
The borrowed €10M from RBS, put up €15M and bought circa 10 Million shares. RBS sought refinancing and the loan now with another lender.
Total Shareholding Investment now worth less that €5.5 Million.
Idea that some one else took their loss is a joke, they responsible for it all and had to put up the cash for the €15 Million which is now gone and the difference between the amount repaid to RBS and what could be borrowed for new lender as no chance lender would have lent €10M to repay RBS.
Not a nice position to be in to keep funding something where you have already lost a fortune.