GREY:GPLDF - Post by User
Post by
Rational43on Jan 20, 2021 11:49pm
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Post# 32342048
Once the CFO stops trying to be cute in the FX market
Once the CFO stops trying to be cute in the FX marketThis company is making a lot of money, which is being masked by Executive trying to be cute by messing around in the FX trading market.
The good news is with USDBRL coming down, the MTM on the currency contracts will lead to a gain for Q4, letting the companies true profitability show.
Better yet, the company's dumb betting on currency markets is coming to an end so the damage is done, and the lesson, as painful as it was, was hopefully well learned.