APT 0.00% $66.47 afterpay limited

Tencent returns for more Afterpay, allocation pending, page-27

  1. 4,305 Posts.
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    Unashamed ramping by certain posters as they know fine well We Chat already has its own BNPL integrated.

    https://technode.com/2020/03/31/tencent-launches-buy-now-pay-later-credit-feature-in-wechat/

    Everyone knew Tencent would "have to" buy more to retain their substantial shareholder status.

    It would not be in anyone's interest including Tencent to issue a ceasing to be a substantial shareholder release hurting the share price.

    The buyers of the placement shares would have issued a condition that Tencent retains its substantial shareholder status in order to give them time to offload

    All they are concerned about is the ability to make a quick profit.

    The bots will be in full flow today keeping the share price up while they offload
 
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