BioCentury
ARTICLE | Finance

Retail hangover

4SC loss announcement may have triggered exodus by retail investors

March 18, 2013 7:00 AM UTC

Retail selling may have propelled the the 14% drop in shares of 4SC AG (Xetra:VSC) on March 12 after the autoimmune and cancer company announced that its accumulated losses have reached half of its share capital.

Under Section 92 of German commercial law, a public company must provide notice to shareholders when accumulated losses reach or exceed half of the company's share capital...