Share price tanking again today. Market cap is now about 46 million Euro.
At the end of 2012 CGG had a market cap of almost 4 billion Euro - yes, billion. Shocking!
www.cgg.com/en/Investors/Shareholder-Information/Share-Price-Details
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.....and a massive drop in shares outstanding!!!!!!!!!!!!!!!
that cannot be good.
It's hard to find words:
https://www.cgg.com/en/Investors/Press-Releases/2013/01/with-the-closing-of-the-acquisition-of-fugro’s-geoscience-division-cgg-announces-today