Payfare Inc T.PAY

This will trade sub $4.50 tomorrow

[WillyGreen]

100m in cash divided by 45m shares plus some premium for existing contracts so $4.50 may be levels tomorrow.

[1condor]

And here I was waiting for 7.50. Glad I didnt buy early because 7.50 is going to easily get taken out tomorrow on that terrible news. Maybe 6.00?

[retiredcf]

As always, there will be some retail investors who will overreact at the open but that might present a buying opportunity. There's no change to the Q3/Q4 estimates as the Doordash contract will continue until it expires in February. PAY just announced the rollout of the Uber Pro Card with Uber so we'll see how that plays out. In the meantime, management will look for new clients. GLTA

[theinvestor22]

Agreed.  One of the reasons I bought this was because it had a substantial buffer between value/potential and the price I paid.  The buffer has been eroded, but the potential should make up for the shortfall in due course.  At least, that's my thesis.

[1condor]

theinvestor22...anyone one here going to take a quick gamble on this one at 1.00 a share? I am looking at possibly doing a quick trade this morning. I suspect a halt may be required as it now seems the stock is going to lose 80 percent of its value on high trading.

[1condor]

In for a trade at 1.88. Got my box of popcorn.

[winnerswing]

What a bad overreaction! So bad that I placed a buy order well below 2$ and it was inches away to be executed! But believe it or not, I missed the boat!!!! Unbelievable! To prove it,. price is now well above 2$. 

[1condor]

There is the halt I suspected would be issued. 

[1condor]

I cant believe my luck as I came so close to buying this stock recently...this stock is going to open way down in abyss. This is going to be extremely ugly for you holders.

[lscfa]

Cash overhead of $8M/qtr will drawdown the cash balances in no time.