If management are serious about expansion, they'd cancel the dividend. They clearly aren't. They are happy to spruik humm and neglect the poor performing cards segment.
People are not stupid, especially shorters. If shorters get FXL wrong, they could lose a killing. So they are pretty sure something is off, hence their chosen attack on FXL.
Good luck with holding FXL. NASDAQ down again and shorters happy to close a few more positions following their accumulation around $1.40 to $1.50 as people fear their onslaught is imminent. Remember shorters gain more if they short at higher prices and close their shorts on bad market days.
With 2 strong announcements in the last month, 15c+ has been wiped from the SP from highs. To me that is strong validation of their stranglehold on FXL.
I hope for your sake that a cornerstone investor enters FXL, like Tencent entered APT, otherwise SP appreciation could be a long shot.
