Letsbuyit.com shares slump in resumed trading

Shares in Letsbuyit.com resumed trading on the Neuer Markt this morning following the suspension of its stock last Friday.

The stock re-opened at E0.42 (26p) in early trading today, before rising to E0.65 (40p) later in the morning - it closed at E1.25 (78p) on Thursday. Letsbuyit.com filed for bankruptcy protection last Friday and requires a cash injection to meet its spiralling operating costs. Dutch bankruptcy trustees are meeting today to determine the company's future.