Second, reports say that someone bought 1 mil euro worth of shares, maybe it was an insider buy who knows the deal Wirecard is about to make.
In third place it`s Angela Merkel, the Chancellor of Germany who promoted Wirecard in China before the scandal, she somehow co-signed for Wirecard by doing that. I think the German government won`t let its people who put their lifetime savings in WDI stock to loose all the money. They also gave money to Lufthansa, they will need to buy part of Wirecard too. For sure they want a piece of that financial working business.
Wirecard has Assets of 5.85Bil Euro and Liabilities of 3.93Bil, so a nice debt to assets of 67%.
We will see a bounce sooner than expected.
Not trading advice.
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