W2V 0.00% 1.0¢ way 2 vat ltd.

Whether Amos took advantage of the fintech revival a few months...

  1. 12,242 Posts.
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    Whether Amos took advantage of the fintech revival a few months ago and used a broker to artificially push the sp up or not won't matter. Nobody was forced to buy at any stage, neither retail nor the sophies. But everyone wanted to be part of the rise that was initiated by the AI mayhem and Nvidia. BRN went to above 50c and halved since then. Other fintechs went up and got hammered back down too as interest cuts won't happen anytime soon. Those tech stocks with no or CF- income are just valued on their profitability, meaning back down to 0.1c as potential is worth nothing atm.

    The tides will change as always, at some stage the pendulum moves back to potential to grab market share and income becomes secondary. Been there since 2006 and went a few times through the cycles. First time getting dragged down is a terrible and painful experience and those " dog" comments won't increase confidence either. Since the 2.2c CR Amos hasn't announced anything negative, actually just positives but 1.1c suddenly turn a good business into a "dog". Amazon went through a similar scenario. Euphoria pushed the sp to above USD100, once the first sale was made and valuation focused just on that sp tanked to USD 6, now at about USD 180. Now imagine a similar sp cycle here, of course depending on W2V's future performance.

    GLTA
 
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