LBY
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0.00% 3.3¢ laybuy group holdings limited

Ann: Quarterly Activities Update and Appendix 4C, page-25

  1. Cuprum29
    966 Posts.
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    02/08/21
    20:01
    Post #: 54973762
    Why would anybody pay $750m for a company when they can sweep up shares on the open market for $120m?

    Put a buy order at 5% above market price and sweep up millions of shares.
    Wait one day for this dog to sink back again.
    Rinse and repeat.

    LBY Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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