SP is now $1.985, Cry. With no buyback, until the review is complete, we may hit $1.80 again. Ah, the pain..........
Lucky we have some good investments to keep it in the air. Mastercard fell 5.4% last night on news that Amazon is stopping Visa payments in the UK. Is this the beginning of the war on credit card fees? If Amazon doesn't pick Visa as its partnering credit card then maybe Mastercard would actually benefit if they play their cards right. Amazon also fell 2.8% on this news. However, Amazon's retail transaction costs should be lower in theory so is this a bad thing? I've been reading a lot about Amazon lately and I do love all of the businesses they own. Most recently they acquired 20% of Rivian shares and also have a couple of billion in financing Rivian (presumably as a bond). They also have a 100,000 delivery vehicle order in place.
Mastercard is now worth basically what they paid for it after VG1 IPO. So many payment options these days but who actually uses them as mainstream?
Pinterest is also much lower than where they purchased it.
I'm still thinking VGI will pull a rabbit out of a hat with an off-market redemption at NTA for all those that want to exit. Hopefully this will be partial and progressive to keep everyone happy. I had some ideas surrounding rewarding the stayers which I sent for meeting comments but these were disregarded on the day sighting the external review process. Who else never got their questions addressed? And why didnt they already have a plan in place to present at the meeting?
Tough times for holders of this product.
Last night's movement.
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