The AFR internal stakeholders lost a lot of personal wealth with this IPO. I am presuming they purchased shares from IPO price to circa $11. They were extremely bullish at the time so I guess they are counterbalancing now with equal weight bearishness.
At this price now though…..maybe now is the time to consider the fair value narrative and attach the data management trend story now. Looks bullish to me from a data and related security issues that will need a remedy.
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