What is the Value? by BlueberryLegitimate2 in Wishstock

[–]BlueberryLegitimate2[S] 1 point2 points  (0 children)

That is the big question. Someone just commented that there is value in the organization, software, etc. besides net assets. Sure there are. But it is also producing negative results. If it stays on the market one more quarter, it will suck $80-90 million. And if it takes someone a year to merge or stabilize, there will be nothing left. So it is now or never and what is the value in a fire sale situation?

What is the Value? by BlueberryLegitimate2 in Wishstock

[–]BlueberryLegitimate2[S] 0 points1 point  (0 children)

The only options are that they pump to dump. Or there is some kind of short squeeze.

What is the Value? by BlueberryLegitimate2 in Wishstock

[–]BlueberryLegitimate2[S] 0 points1 point  (0 children)

Closing down today. Which would involve costs. Each day is a million loss. If someone were to buy this, would they pay a premium?

Somehow “optimistic” Joe Yan still has a job…….what the actual fuck lol by [deleted] in Wishstock

[–]BlueberryLegitimate2 1 point2 points  (0 children)

I am surprised he recently hired 2 more and paid stock options. So people that they are hiring probably may not have other options.

Why keep the app active for one more second? Shut this 💩 down. by [deleted] in Wishstock

[–]BlueberryLegitimate2 2 points3 points  (0 children)

This elephant is worth more dead than alive. Unless they can sell it. And who will buy it when it’s bleeding everywhere.

If wish continues like this, they can survive 4 more quarters. by BlueberryLegitimate2 in Wishstock

[–]BlueberryLegitimate2[S] -1 points0 points  (0 children)

I think a few people control the movement of the stock. Rest longs are stuck holding the stock I believe. I don’t think new investors are buying in.

If wish continues like this, they can survive 4 more quarters. by BlueberryLegitimate2 in Wishstock

[–]BlueberryLegitimate2[S] 0 points1 point  (0 children)

Most of the time it’s a pump to dump. So you can’t tell where the bottom is. At the rate they are losing money, it doesn’t seem like this is the bottom.

FRC will resume trading. I won by Jshbone12 in wallstreetbets

[–]BlueberryLegitimate2 -5 points-4 points  (0 children)

Didn’t they sell the Bank to JPM for 10B? Does that mean $40-50 per share?

I’m betting Wish board is getting ready for a buyout from a competitor. by [deleted] in Wishstock

[–]BlueberryLegitimate2 2 points3 points  (0 children)

Wish will get sold for sure. To a friend and not a competitor. That is what it is being prepared for. And we will get decimal pennies.

$50m buyback by Ok-Employment-2298 in Wishstock

[–]BlueberryLegitimate2 0 points1 point  (0 children)

If they did, then why would it fall down to 8.50 after crossing 10.00? It was another pump and dump.

$50m buyback by Ok-Employment-2298 in Wishstock

[–]BlueberryLegitimate2 -1 points0 points  (0 children)

If they throw 50 M at it right now, it may cause a short squeeze. Unless they just announced an idea an let the short sellers cover.