RE:RE:RE:RE:RE:RE:RE:MOGO still on the List of biggest gainers YTD on the TSE Lol, you can tell the bull case of the paid pumpers is very fragile when they need to resort to attacking someone with an informed rational view.
On a fun note, November 8th is their earnings release. I’ll close my account if any of the following prove untrue:
- more benign revenue growth, falling short of Mackie’s aggressive (unbiased) forecasts
- more cash burn
- more negative equity
- ARPU still falling because users sign up for free credit score and don’t transact
- falling cash levels meaning company can’t grow loan book as fast as they’d guided
- management not providing any color on how much revenue credit cards and mortgages contributed in the quarter because it’s embarrassingly low
- 2018 consensus revenue forecasts coming down because analysts realize credit cards and mortgages aren’t gaining traction
- more overly promotional bs claiming to be a fintech company when all they are is a low quality lender with an app
time to face the music ...