Club Mulgoa

Tuesday, June 02, 2020

Z1P

The trading halt was lifted today after it announced that it was taking over QuadPay, BNPL company trading in the USA but with Australian founders.  Often when spending a lot of money on acquisition, the market dumps the stock but in this case the fund managers liked it.

I love it when shorters are caught short!  The share price went up by 38% today.  Originally, APT and Z1P were supposed to do poorly during the global lockdown but that didn't occur in the end.  So both stocks were subjected to being attacked by shorters.

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