When I asked if shorts had been paid this was IGs response:-
“ Clients wouldn't have received a payout as the stock is delisted. What would've happened is that client's with short positions that were in profit would have had their profits moved into a proceeds account which they couldn't have withdrawn from. This would remain in the account until we have further information from the company as to a relist or a payout to shareholders.”
I had to remortgage the house as share price collapsed & am left with the debt - some in here are saying if the company is sold (& not relisted) we longs get nothing back - that’s not my understanding but I’m waiting for confirmation - longs even get dividends if/when they are paid...
I have a long spread bet with IG & currently awaiting a reply but my last conversation stipulated there would be no payouts (either way) until the company folds, relists or is sold - they can’t close positions until they have a definitive share price to close... I hope that’s right coz I’m sick of this mess & it would be so unfair for the shorts to win!