RE: Algos are in complete control23 Feb 2022 17:30
If there is a takeover announcement then the SP will go up, but make no mistake, that is the only thing that will turn this around now. Other than that, MM is out of ideas, the companies financials going forward are entirely predictable in the short-medium term because MM doesn't think outside of the box or try and change things up because he's useless. The only thing that could save the SP here is a takeover, and it seems MM might be busy rejecting offers while not knowing how he'll turn this around. Until a takeover offer comes (Unlikely with MM at the helm), or until MM walks, this can only go down IMO.
Not deramping, and if you think I am, please explain what news is coming in the short term to stop this being shorted down and down. It doesn't matter how cheap you think this is, if MM is going to spend more time on Instagram posting cringeworthy motivational guff rather than getting creative and making radical changes to the companies business approach and PR, then I'm afraid the big funds will happily short this into the ground.