The collapse of the EiDF price continues this Tuesday with a decrease in value of 33.48%, to 5.94 euros at 11 in the morning, which drags down the value of the Galician energy company after the 70% collapse that has already suffered yesterday on its return to the market for the first time since April 14.
The drop on Tuesday was expected after the avalanche of sales orders that were left unmatched yesterday due to a lack of comparative demand. The regulator of the BME Growth market in which it is listed, EiDF was forced on Monday to lower the price range from 50% to 70% to overcome the seller's collapse that the company suffered on its first trading day after more than four month suspension.
In the early stages of the day on Tuesday, some operations were squared that suggested that the trend could be bullish, but just half an hour after the opening, the selling pressure increased again.
Investors have been hanging on for four months with a value about which doubts have been growing since April as the company dodges its obligation to present the financial accounts for 2022. But beyond these data, which were released last week, the National Stock Market Commission Securities (CNMV) also made public the report of the Deloitte auditor in which various types of possible documentary falsehoods were verified, issuance of invoices that did not correspond to any work carried out.
Likewise, the Deloitte report indicated that all the debtors included in its in-depth investigation had "a direct and indirect link with Fernando Romero, the group's largest shareholder, and that, according to the report, "numerous related incidents were identified, among others issues, invoices and payments for services that may not have been provided or not justified, as well as falsification of documents".
These sharp falls in value after its return to the market complicate the financial viability of the energy company since it lost 1,200 million euros in the Monday session alone, which caused its market capitalization to pass in less than 24 hours from 1,700 million euros to little more than 516 in which it is listed this Tuesday.
If the value closed with losses at this time of the morning, the company would have lost another 170 million euros, which endangers liquidity to continue operating.
