It's people protecting their investment as looks like the Quadpay deal could be in trouble.
They were dependant on a $200 million warehouse facility at a conversion price of $5.53.
if the price falls below that the financier will walk away from the deal and they won't be able to grow their USA loan book.
Z1P - What will be the bottom before the bounce., page-610
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Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 235682 | 50 |
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