RE: This ain’t going to end well21 Aug 2025 08:38
It's not hard, atm, to see what made this terrible... repeat placings that undercut the sp (they would be great if you then saw TR1s showing that HNWIs were taking them and then holding them), rns' that make a statement that then doesn't seem to have any follow through (the Treasury fundraise feels scandalously like bs, saved only by the 'from time to time' line...). you have to recognise how companies which are exclusively Treasury stocks (although others that have also pivoted to adding bitcoin over cash) tend to announce AND purchase almost simultaenously, however many or few as THAT WAS THE POINT OF THE TREASURY RNS!).
also, there's zero transparency on the progress of the 'pillars' (really hate the use of grammar to suggest 'building' something). we are clueless of client numbers, even approximately for Angra, GSMoney. Also have zero clues about acquisitions that tend to be name-dropped at roughly the same time which then either does or doesn't materialise.
find it infuriasting that Metapay, which, from what i can see, has no live business, merely a licence, takes so long to complete. honestly, can anyone say that it's just as likely to be cancelled as being 'inappropriate' to the business plan, in the same way as Bonfirepay was?
Obviously, it depends on what the next update says but if it continues in this obscurity, i don't fancy being here after i come out of the red. can only hope that the two buys on the most recent drop will prove to save the holding and allow me to get out with little damage.
the ramping on such a minnow has been charming and beguiling and really doesn't explain just how small this company is nor how unknown it is in the wider world.
the current sp has been a reality check... you can believe it's now in the same place it was during the clns debacle so i look forward to the next rampy '4p next' spike to get out.
thank god i don't have dreams of being a gazillionaire on this share...