SFX stock tumbles further 26%

James Hanley

SFX Entertainment’s share price slumped a further 26% this morning (Friday, August 14) to a new low of $1.38.

Shares had fallen 7% to $1.94 yesterday after the company’s CEO Robert Sillerman missed a deadline to prove he had the funds to take the company private again.

Sillerman (pictured), who took the firm public in 2013, failed to issue a statement yesterday (Thursday, August 13), despite a 10am deadline, leading to speculation of an impending asset fire sale, reports Hypebot ...

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