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There is clearly leaks within the company and it is beyond embarrassing. Drops have happened numerous times on this share a day before any actual official news has been released.
Anyone now think the fall yesterday was coincidence?
I've asked the FCA to investigate, who knows if they will but you should do that when you know others were forewarned.
oh, and to PAAA, don't want any childish comments from you!
I think we can be pretty sure that todays events were not orchestrated by anyone otherwise the SP would have gone much lower. In the past I have seen scams where the SP has dropped over 30% in similar circumstances.
https://www.businessinsider.com/paysafe-shares-collapse-december-12-short-seller-report-2016-12?r=US&IR=T
It’s neither a cheap shot or, childish. The funds raised from shareholders thus far are considerably better spent just getting on with the job at hand, rather than holding the hand of amateur investors who are probably over exposed, under-informed or, perhaps a bit of both. They’re never going to tell you what it is that you think you want to hear, so let’s let them just get on with ensuring shareholders are rewarded in the best way that they can.
per ardua ad astra
The drop coincided with BBC live news feed 12.18 (that wasn't terribly clear about the events in August), so in my opinion that could easily have triggered some panic in investors and a cascade of sells. It's a stressful time. This share moves rapidly in either direction and I'm no good at predictions, so I'm just waiting it out. FED decision could help bond sale IMO.
PAA, do nothing (other than comment on this BB) if that's your wish but a cheap shot at a post is quite childish isn't it?
“I've contacted Sirius Investor Relations and asked them for an assurance...”
——-
And people bemoan the company’s wish for greater institutional investment?
per ardua ad astra
I agree a 10% + drop doesnt come from nowhere. There must have been a trigger. BUT, the fall was limited. If it was game over, we should have seen a bigger fall imo.
I would therefore conclude that a middle way has been found. Something that is nowhere near as good as the bonds going, but a solution that keeps us alive, but either costs more, or causes dilution.
Sport, that was about the potash mines elsewhere...sask, Canada.
But that news is almost a week old? I think we can discount that..
Ok......we crashed out of the bond market a month or so ago and the share price crashed...
The price has been stable since then because nothing has been happening...
When the bonds are back in the market(and I think they are) then a risk exists again and the price falls....
End game this week methinks....
I struggle to believe there aren't some hard facts behind the fall today although I sincerely hope there aren't.
I've contacted Sirius Investor Relations and asked them for an assurance this is not the result of a leak of key information not yet in the public domain. If bad news does follow in the next few days then I will be calling for an investigation. Insider dealing, once proven, carries a custodial sentence.
I think the crash is because of the short term demand slump for potash reported by Nutriens. They've had to mothball three mines:
https://uk.reuters.com/article/nutrien-potash/nutriens-potash-earnings-to-take-a-hit-on-mine-shutdowns-idUKL3N2624GN
Oh Lord, this share............
The sp is a total mess, whatever happens it’s going to be a long hard slog, to get the share price back up. If anyone can I reckon Chris Fraser will get this funded, just hope he doesn’t forget all the small PI’s who to date have supported his vision. GLA
“I don't know, but I don't believe anyone else on here does either.”
——-
Indeed. But it’s telling to see how people behave under pressure.
per ardua ad astra
you are about to get loads of responses to that: Tree Shakes, MM manipulation, Shorters closing out, Shorters shorting more, algorithmic trades, stop losses, leaks, city boys cashing in, city boys losing out, price about to double, price about to halve, £1 party, Chris calling in the administrators, RNS tomorrow, no news until next week, buy, sell.
Everyone's guessing. I don't know, but I don't believe anyone else on here does either.
...the drop in the share price? Anything tangible?