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Bullboard - Stock Discussion Forum Payfare Inc T.PAY

Alternate Symbol(s):  PYFRF

Payfare Inc. is a Canada-based international Earned Wage Access company powering instant access to earnings through a digital banking platform for the workforce. It partners with e-commerce marketplaces, payroll platforms and employers to provide financial security and inclusion for all workers. It partners with platforms and marketplaces, such as Uber, Lyft and DoorDash. It provides services... see more

TSX:PAY - Post Discussion

Payfare Inc > oups they did it again - insider trading
View:
Post by Hich1205 on Jul 16, 2024 9:19am

oups they did it again - insider trading

since end of cto insiders sold at least 110k shares, ie. 12 % of the traded volume fo the period. and it will not stop in the near future since they have planned sales that are executed on a weekly basis. This is sending mixed msg to investors - why should I buy your stock if you keep selling it - and most importantly this is putting a lot of pression on the price since the stock is not trading in high volume. So i am wondering how would they execute their new M&A acquisition strategy if the stock is keept depressed, due partialy to insiders flooding the market with pretty large volume
Comment by 1condor on Jul 16, 2024 6:38pm
Hich1205..good points and worth monitoring. The stock sure does seems stuck here.
Comment by 1condor on Jul 18, 2024 3:34pm
Will be adding below 5.80.
Comment by retiredcf on Jul 27, 2024 7:32am
No wonder you were unhappy with the top pick. Zinberg and his family also own PAY personally.  GLTA
Comment by digital130 on Jul 27, 2024 1:51pm
Whats a stock market without insider trading,   Payfare offers a service which should have been done many moons ago.  Having access to the money you have earned by working for low income households is needed.   I can see it expanding.   It would be a better stock without the bs
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