After just 2 days of trading, Loser Club Pte Ltd today announced it's voluntary liquidation, surprising many industry analysts. When interviewed, President and CEO stated 'Loser Club Pte Ltd was originally formed to respond to a pressing need, which no longer exists. As such, there is no need for Loser Club to continue as a going concern.'
Existing creditors have been paid off in full and shareholders will receive a return of 30 cents to the dollar for their original investment, due to heavy losses were incurred in trading today. Stay tuned for more breaking news.
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