If theres one thing remarkable about this company it's how they have managed to sell a total dream to investors who think they're investing in a viable ecommerce business, the 'Amazon of Africa' in a continent where unfortunately consumer craze is nowhere near that of more developed regions of the world.
This is a company which is tainted with scandal, poor running and selling BS to investors.
Printing a huge head and shoulders here but as usual this company will somehow scrape away to live another day given its being compared to the likes of $JD, $AMZN and $BABA, cash generating companies that JMIA can only dream of being.
This company is a short in any other market and if the neckline breaks all hell will break loose in this JUNK name.
This is a company which is tainted with scandal, poor running and selling BS to investors.
Printing a huge head and shoulders here but as usual this company will somehow scrape away to live another day given its being compared to the likes of $JD, $AMZN and $BABA, cash generating companies that JMIA can only dream of being.
This company is a short in any other market and if the neckline breaks all hell will break loose in this JUNK name.
Comment:
Funny that the commenters below were so bullish they've been all left holding a bag. Closed my short position on 500 shares for 40% gain, holding 15p 1/22 for when this goes back to penny status.