According to the accusation, they “did not learn the full truth about the company’s financial situation right from the start.” They were “misled with false promises”. “We demand that our investments be fully refunded,” said one affected investor in a press release.
Geomix, based in Liezen, Upper Styria, finally filed for bankruptcy in May this year after failed attempts at restructuring. According to the investors who felt deceived, they were promised at this point that they would get their investments back in July or August. “This promise remained unfulfilled because Tactix AG also filed for bankruptcy in October 2024.
“This means that investors are facing the loss of their investments amounting to 10,000 euros per share,” it complains. According to the investors, Tactix was referred to when it came to the remaining investments. They demanded transparency and the repayment of the money.
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**Interview with Investor Advocate Sarah Johnson on the Geomix Bankruptcy**
**Editor:** Today, we have Sarah Johnson, a representative for the affected investors in Geomix, to discuss the recent bankruptcy of the company and the implications for investors. Sarah, thank you for joining us.
**Sarah:** Thank you for having me.
**Editor:** Geomix filed for bankruptcy this May, citing failed restructuring efforts. Can you explain what led to this drastic decision?
**Sarah:** Certainly. Geomix had been struggling for some time, but investors were consistently assured that their investments were secure and that restructuring would turn the company around. Unfortunately, those promises were not fulfilled, and the financial situation was worse than they communicated.
**Editor:** You mentioned that investors felt misled. What specific promises were made to them regarding their investments?
**Sarah:** Investors were initially told that they would receive their funds back in July or August. However, when Geomix filed for bankruptcy, it became clear that not only would that promise not be kept, but that Tactix AG, the company handling remaining investments, would also file for bankruptcy shortly after, further complicating the situation.
**Editor:** Can you provide insight into how this affects the investors financially?
**Sarah:** Many investors are now facing significant losses, with investments amounting to 10,000 euros per share being at stake. The situation is dire, and they are understandably calling for transparency and accountability from the companies involved.
**Editor:** What is the next step for the affected investors?
**Sarah:** Right now, we are pushing for a thorough investigation into the company’s practices and looking into legal options to recover losses. We are committed to advocating for investor rights and ensuring that those responsible are held accountable.
**Editor:** Thank you, Sarah, for shedding light on this situation. It’s crucial that investors understand their rights and the complexities involved in these cases.
**Sarah:** Thank you for having me. It’s important that we continue to discuss these issues and support those who have been affected.
