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Old 19-06-2020, 05:49 PM   #1
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WireCard!!

WireCard Dropped 60% on thursday, friday dropped another 50% so far!!!! what are your thoughts?
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Old 19-06-2020, 06:58 PM   #2
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WireCard Dropped 60% on thursday, friday dropped another 50% so far!!!! what are your thoughts?
They lost $2b+ worth of crypto thats why.....lol
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Old 19-06-2020, 07:01 PM   #3
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Their price will rebound after they declare bankruptcy and launch a rights issue?
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Old 19-06-2020, 07:48 PM   #4
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I don't recommend even a btfd. the events unfolding are very disturbing.
how is it even possible to screw up a simple company like a payment processing platform is beyond me. it's a very simple business model. Just earn the difference between interchange rates and merchant discount rates.

This is so fked up on many levels I can't even imagine. The relationship with all the heavyweight partners such as V/M, banking licenses and acquiring licenses around the world, existing loan agreements with creditors, existing customer(merchant) base....
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Old 19-06-2020, 07:49 PM   #5
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what a shitstorm....wirecard ceo resigns and then the 2 asian banks where wirecard claims the 2bn cash resided at said there is no relationship of any kind with wirecard and those documents were fradulently falsified...

https://www.cnbc.com/2020/06/19/wire...collapses.html

https://business.inquirer.net/300345...irecard-claims

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Old 19-06-2020, 08:00 PM   #6
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Best news ever for V, MA and PYPL.
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Old 19-06-2020, 08:08 PM   #7
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Best news ever for V, MA and PYPL.
no material impact to v,ma since these are international schemes but pypl can gain from it. In fact, if other payment processors don't take wirecard's space, then v/m will stand to lose revenues. v/m are not payment processors. adyen will stand to gain the most since it's also EU centric and broadening global coverage especially asian merchant acquiring region.

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Old 20-06-2020, 02:25 AM   #8
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WireCard Dropped 60% on thursday, friday dropped another 50% so far!!!! what are your thoughts?
It's been common knowledge for at least five years now that Wirecard was dirty. The only surprising thing is that it took such a long time for it all to cave in.
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Old 20-06-2020, 01:10 PM   #9
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It's been common knowledge for at least five years now that Wirecard was dirty. The only surprising thing is that it took such a long time for it all to cave in.
May I ask how did you obtain this information?

I was just about to invest before it imploded
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Old 20-06-2020, 05:44 PM   #10
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isnt this the one with the indonesian guy fraud
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Old 20-06-2020, 08:01 PM   #11
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I don’t think that’s correct. They’re missing $2B in cash.

They lost $2b+ worth of crypto thats why.....lol
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Old 20-06-2020, 08:29 PM   #12
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I don’t think that’s correct. They’re missing $2B in cash.
Sometime back it was reported that this company was being investigated for irregularities... Singapore office involved. Once a company gets investigated, it should be a big red flag.
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Old 21-06-2020, 11:47 AM   #13
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2Bn in cash missing. Takes a great horseman to do it. Management shake up, German regulator breathing down their neck, Singapore management shakeup.

This company bound to fail. No checks whatsoever. They thought they r too big to fail.
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Old 21-06-2020, 03:41 PM   #14
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Hiding in some Milo tin and under the bed?
Of course this is not traceable.
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Old 22-06-2020, 02:35 AM   #15
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May I ask how did you obtain this information?

I was just about to invest before it imploded
Dan McCrum at the Financial Times was all over the Wirecard story in 2015. It was public knowledge by then that Wirecard was doing funny stuff in its accounting for acquisitions.

I don’t think that’s correct. They’re missing $2B in cash.
Or, more to the point, the $2bn never existed. It’s not like they had $2bn floating around that got stolen; what actually happened was they magicked up $2bn of fake revenue, and people are finally asking “so where’s the cash?”.

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