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by pythonwizz 2195 days ago
I wrote this here a few days ago:

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Wirecard has been accused before of fraud by so called "short sellers". The document published (2 years ago?) showed a tremendous, extraordinary complex network of international corporations. Such complex setups have a very limited purpose. It can basically be only tax "optimization", hide fraud or hide ownership (UBO). After having seen this PDF I would not touch the Wirecard stock.

By the way, I think Alibaba is opening two new corporations. Per day. You may also want to read at Bronte Capital about Alibaba.

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"the company is worth ZERO in my opinion)"

This IS a possibility. But the stockmarket exaggerates always in both directions, "like a sausage dog on a leash, sometimes walks in front of you, sometimes behind you but always comes back to you" Kostalany

If you want to make a gamble there could be buying prices now or soon. But it stays a gamble.

"Even a good company can be too expensive" Buffet

"Even a shitty company can be cheap" me