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Ofer did say that they will look at buy backs but not so soon after the IPO. Interesting that there may be something in Israeli law preventing it. This may explain the short timing. Also the engagement with a third party. If some party is preparing some kind of deal with TRMR then may explain why shorters hit the stock with a view to getting stock on the cheap and while buybacks are blocked. This could be a very good time to buy.
Did TRMR complete their last buyback programme? My understanding is no? If so can kick it off straight away
Gdog
Haha that’s why I like you gdog, whoever you are. You thought about my words and then came back a little later setting out what you believe in. Haven’t heard it referred to as FO money, but as FU money.
Don’t really want to debate this too much here. But might be worth reflecting on your words for a moment. So the dream of Americans is to be free. But the only way to be free is to work hard and get FU money. So that must mean everyone who doesn’t have this money must be a slave. Guessing that’s 99% of Americans. And then when you get the FU money the first instinct to tell everyone to FO. Hopefully you see they might be some problems American society?
Anyhows you’re still my dawg
Gdog. Yes we understand Americans love money. It is the American sickness.
Love it! Pressure is on management to take actions. Looks like PE has been taking positions through shorting which is the way they normally do it?
I would be amazed if regulators are not chasing this gang down.
Hi Jazzy. Are you part of the psy ops team in your hedge fund? Trying mind control techniques to shake shares from the tree?
Best way to beat shorters is to buy up the cheap shares. That’s what TRMR management should be doing.
Ofer needs to be made aware of what is going on here as it’s destroying value in his company. A simple buyback programme would kill this immediately. Even a threat of one would do it. Shorters will not be prepared to test the resolve of company that has 200m+ war chest. Must act fast!
This activity sounds like market manipulation. Pretty sure this is not what TRMR management planned when they launched on Nasdaq. Their whole strategy to gain US presence is looking like a failure if they do not act. Would expect their major holders will be on the phone to Ofer asking for an explanation of what is going on. How can they justify enormous payouts if Nasdaq is a disaster?
Very quiet these last few days from the shorter community. Wonder why?
Thanks Gentleman this is brilliant news from Protos. There is a lot of solid news to come in the next few weeks. LTHs take advantage of weakness in Sp.
Gdog. Yes it is very strange practise. This looks like a hedge fund is trying to manipulate the London stock price using ADRs. It could be that it is being used to create a temporary arbitrage that can then be exploited. Or just a simple short to hit a low price buy back. Whatever it is it clearly needs investigating. Hence why would expect TRMR management to raise it with their brokers and regulators.
Am sure a number of long term holders like yourself will have been in touch with TRMR management and requested that this is escalated with regulators. Although I get the sense that the likes of Ofer won’t need much prompting to escalate this through the Nasdaq IPO managers who of course will have a direct line to regulators.
Gdog. Simply basing it on all the activity and comments on this board. A rumour was started that TRMR were about to announce a profit warning. The CEO of the company had to publicly announce that this was nonsense. And then shortly after many have commented on the highly peculiar prize action. With these set of circumstances you’d have to expect that the company would report this behaviour to the regulators? Am only stating what seems like an obvious next step. Don’t you agree?
Looks like there is going to be an investigation into TRMR short selling.
Bald_eagle yep I recall activity like this on another share. The regulators tracked them down and they all got arrested. All doing time now.
Gdog you nailed it. The adr was smashed by Nasdaq shorters. There has been a regular pump and dump here. Think the regulator needs to take a look at what is going on here.
Qwertii of course stock prices are manipulated. Naive if you don’t think they are. Question then becomes how are they manipulated. Spreading rumours is part of how it is done. Have seen it many times on other stocks. Usually the boards get bombarded with lots of bad messages just as happened here. The results have been good. No reason why shares would drop 40%. So how would you explain it.
Think about it guys. TRMR high has been 864. It’s now 600. So getting back to high would give 44%. Nothing in Q3 suggests a big dip in numbers. And Q4 will be the first post Covid Christmas so will be hot. Stock is heavily manipulated. Nasdaq snakes are playing games because the big boys want to load up and show their rich boy investors how clever they are. For patient long termers this is easy money.