Viceroy still have to cover their short positions, and by the...

Viceroy still have to cover their short positions, and by the looks of what they've done to the share price they must be considerable. Unfortunately you can't yet see on shortman what the positions are yet (https://www.shortman.com.au/stock?q=TYR), but I expect this to be a really big short that they are trying to load up on quickly and get into motion - because, remember - they don't know when Tyro are going to finish their repairs and sentiment to move back to positive. Viceroy are a three man operation that attack companies and try and aggressively short them to the ground then get out. They're not sophisticated in their approach, they're basically bulldozers with sharks strapped to the digger. This will be hard and fast, because they have to get it done before Tyro gives the all clear and sentiment switches back to positive.

If you look at the viceroy report it is full of scary language and opinions. Some examples:
- "Tyro has singled itself out as the most unreliable & technologically inferior fintech in Australia." - no evidence provided for why, of course
- "Viceroy Research believes Tyro presents a limited-risk short as customers churn in record numbers to vastly superior, non-archaic payment solutions providers, which are available in abundance, and immediately. Tyro presents no real catalyst to make a jump into profitability." - All anecdotal and customers switching to square temporarily have indicated the higher fees would relegate it to the backburner once the issue is resolved
- "The company’s financials are unappealing, and their undifferentiated and outdated product offering is in stark contrast to fresh market participants." - classic scaremongering of no real substance or facts

They also say things that are materially false:
- As of the time of writing, these terminals are still down, with limited collection efforts taking place - many terminals back up, widespread collection in place, actual stats reported by Tyro.
- Tyro claims low fees and less downtime (vs comps) as its competitive advantage, neither of which appear to be true. - note the use of the word "appear" to mask an outright falsehood, Tyro are much cheaper than square and other square-like companies.
- Tyro has “bricked” (verb: to turn into a brick) ~50% of its terminals across the country - no word on how they would or could know this. Even a significant random sample of merchants would take much longer than these guys would have had to put this together.

And finally, the proof is in their disclaimer:
"This report and any statements made in connection with it are the authors’ opinions, which have been based upon publicly available facts, field research, information, and analysis through our due diligence process, and are not statements of fact."

In this case it would be good for anyone who has Tyro shares to DYOR on viceroy and see what they are about. The rare times they have been right about a short, that the business is a sham, the accusations have been far worse than "Company X has old tech and bad service". Not too scared of this at all.