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08:59
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Originally posted by Bone1005:
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It went to $14 off the back of rumours of a Nasdaq listing. It was on a steady decline from that point. Klarna rumours assisted with some more gains but it then fell back into decline. The sell off was due to management not addressing it properly but instead saying only believe things that are released by them. The Major retrace started after Larry lent his shares out for the delta hedging of the convertible notes however, the convertible notes was necessary for global expansion. After seeing two cap raises in the space of 6 months I was cautious, "does this mean there will be another capital raise soon" is still plaguing investors. Peter gray said after the last report released they had $400m in the bank to play with still. IF that's true then they are cash flow positive because they haven't "burnt" through all the money from the convertible notes.
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I agree with all of this.
(20min delay)