Share price went from just under 1c to an intraday around 20c from memory within weeks and now sits back at 1.3/4
What do you think sent the stock up 2000% only to retreat back to its original price within your two year metric?
Can I suggest it was the over hyped marketing provided by the company to entice illinformed to dip in (and lose) of course?
Like stating the Capricorn relationship would bring in an estimated $250 mill month in transaction volume yet 18 months on?
I'll give you a today example as we can't look back right?
ok, do you know why the 21% yield on the $15m isn't showing up in the cash receipts?
Because their BS "yield" spill is based on every loan participant repaying their loan by c card via Spenda platform to be charged 1.5% each time, but borrowers are not fools and it's against the law to only give borrowers a way to repay that charges more fees over and above the loan rate by the actual lender - Third line forcing!
Capricorn $7m cash injection in SPX will give them a heavy discount on all fees going forward, in fact there may be no earn for SPX at all, do you realise this? Ill guarantee you Capricorn won't sink $7m without getting huge discounts on service fees, licensing and charges
Carpet court $20m in transactions yet the income on 4C didn't increase?
Ebev I've never seen any income from them since Anns 2 years ago?
Agrichain et all same same no income noted why not?
I don't care who they've enlisted to help with funding, to prove the model you lend what you've got, unless you can't?
They got nothing other than the lending arm to generate any real form of income, and even that has been constraint as they've wasted millions on nothing but wages and buying non performing shells now dont have enough funds to cover first loss positions
Next to come might be the lending losses!
As for pulling apart companies, I start with the overhyped ones ie SPX, IOT, BIG ( both overhyped now delisted) and the list goes on a mile long
The overhyped ones are the best ones to buy/ trade of course hence my interest, but don't be fooled to suggest that means it has any fundamentals behind it, they rarely do.
20c to 1c should be enough proof I would have thought?
SPX Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
(20min delay)