Snippet from The Australian - looks like another short report aimed at creating maximum damage (Allegedly) only this time it failed. Striking similarities though
Tyro shares have rocketed after it came out swinging following an attack by Viceroy Research, saying the short-seller’s report on its business contains “significant false claims and assertions”.Tyro shares jumped 15 per cent to $2.66 in morning trade after it emerged from a trading halt imposed on Friday following the release of Viceroy’s damning report, which claimed Tyro was the “most unreliable and technologically inferior fintech” in Australia.Hitting back against the “false” claims, Tyro idenitified “10 key factual misstatements” in the report, including the assertion from Viceroy that 50 per cent of Tyro’s merchant terminals were offline as of the date of writing late last week.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
