Why the perseverance in this stock?13 Jul 2020 17:31
Before anyone starts trying to shoot me down. I'm struggling to grasp why there is so much hype with this stock. Lots of predictions on here saying 20p, 60p etc....
You only need to look at how the FCA are clamping down on sub prime lenders, Brighthouse (Hamish Paton again) and Wonga being prime examples of how fast they can fold with a surge of complaints.
We do not know the full extent of the claims that Amgo have to deal with. I can see this stock being in the low 7s by Friday.
Previous owner dumping 1% daily, that gap is not being filled.
If anyone can shed any light on why they have so much confidence in this share price rising I'm all ears.