Really not too sure why everyone is calling "insider trading" Still up 50% in a week on no news but that's fine, but god forbid it comes down after an announcement that actually has no value. The transaction has not been completed and we already knew they were going to sell their share.
We have seen a rise off the back of Sezzle and last night it dropped 15%, so 0 surprise we followed suit.
Dumped hard because there are tonnes of traders have been abusing this stock (myself included), and some have been holding the bag. I hold a decent parcel from the last retrace and have topped up today at 3.5 for a longer hold.
Until we have a material announcement or a line of credit and the direction of how this is being rolled out this will have high volatility. This is still valued at 70m MC with NO credit nor actual business plan nor revenue.
A reminder that a month ago this was at 0.004 and has nearly 10x'd on simply a CEO being appointed (albeit a great hiring) People need to stop thinking this will continue to 10x of hopium.
The potential is there and I hold because even if we were to see a fraction of Sezzles success this will 10-100x BUT it takes time.
Please remember that while sezzle has exploded last year they had all their ducks in a row to execute.
We have the perfect runway: - Interest rates on the drop - US households with lw saving rates and continued difficult with high costs, leading them to prefer the option to BNPL
I have no doubt as soon as a line of credit is secured this will be in the double digits. People should be thanking their lucky stars that they can accumulate at these prices and stop complaining about a mere 20% drop.
Just imo of course but if your holding for the long term, days like today are a blessing.
OVT Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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