That's where I'm picking it might go down to, though its up today I think the selling pressure has not gone away.
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The end of the escrow period for 30% of their stock looms like a North Atlantic iceberg. Given the eagerness of the much smaller number that bailed last week (less than 2%) when that escrow ended and the subsequent price plunge are you really going to be betting otherwise for July?
Sounds scary.... however you're assuming they all want to sell and/or that there is no demand as no other large investor(s) is/are happy to pick up the volumes.
Only time will tell.
Might see sub $2 sooner by the looks.
PAY is down 37% since the high on the 11th of April.
I had no hesitation in buying more on today's low, PAY is solid growth company that has put out nothing but positive results. This time last year they had ~1000 Merchants, now their quickly approaching 4000. If the price keeps dropping I'm pretty happy to continue to pour money into what appears to be an incredibly well managed company.
Interesting to see very little movement considering Annual investor results are out in two days. I'd guess the FY17 forecast will be nothing but rainbows and sunshine :t_up:
I notice there is a local company offering the same service for charities,churches etc. Forget the name but a lady at the helm it seems.
Beware.
There is a scam doing the rounds using the spelling "PeyPal" - be aware!!!