yes, I imagine we can write off any value in this company now.

Written off indeed.

GLOBO plc
("Globo" or "the Group")

Company Statement

Globo plc issues the following statement:

On Monday 26 October 2015 the Company announced that Costis Papadimitrakopoulos, the former CEO of the Group, had brought to the attention of the Board certain matters regarding the falsification of data and the misrepresentation of the Company's financial situation.

Since that announcement, the Company has reported this matter to the appropriate law enforcement agencies in the UK, Greece and Cyprus.

In addition, the Company was notified on 27 October 2015 that it is under investigation from the UK's Financial Conduct Authority.

Further announcements will be made in due course. In the meantime the Company's shares will remain suspended from trading as per the dealing notice on Friday 23 October 2015

Well written piece in Investors Chronicle online.

Good to see Serious Fraud Office involved and IF CEO and/or CFO sold shares knowing of alleged fraudulent activity and didn't make a public statement, then let's hope they pay the price.

Globo Plc (In Administration) ("the Company")

London - 10 November 2015 - The Joint Administrators of Globo Plc confirm that cancellation of the Company's AIM securities will take effect from 7am 1 December 2015 pursuant to AIM Rule 1 of the AIM Rules for Companies.

The Joint Administrators do not anticipate that there will be any return from the administration for the shareholders of Globo Plc, and therefore they consider that it is appropriate that the securities are cancelled.

In accordance with paragraph 49 of Schedule B1 of the Insolvency Act, the Joint Administrators are required to submit their proposals to creditors within 8 weeks of their appointment and shareholders are also entitled to receive a copy of the report. This report will be made available to creditors and shareholders at www.thecreditorgateway.co.uk (password: Globo) in due course.

The Administration relates to Globo Plc, and not any of the Company's direct or indirect subsidiaries, which remain under the control of their respective statutory directors.

-ENDS