Q: Wonderfi seems to have struggled even as Cryto activity and prices have risen.
Currently share price is back near its 52 week low so whatever they are doing seems not to be working even though crypto itself over the past months has risen.
If their revenue is generated merely as a function of AUM shouldn't the higher crypto price have led to better Profitability and going forward with crypto seemingly being accepted, alto not necessary endorsed, would you see any liklihood of another financial institution buying them to participate in the crpto market on an arms length basis?
Could any of the lack of performance relate to share dilution and lastly at this level could its current price justify a small investment?
Craig
Currently share price is back near its 52 week low so whatever they are doing seems not to be working even though crypto itself over the past months has risen.
If their revenue is generated merely as a function of AUM shouldn't the higher crypto price have led to better Profitability and going forward with crypto seemingly being accepted, alto not necessary endorsed, would you see any liklihood of another financial institution buying them to participate in the crpto market on an arms length basis?
Could any of the lack of performance relate to share dilution and lastly at this level could its current price justify a small investment?
Craig
