[Zannn]

After I sold it went below $6 and bounce right back up roughly to where I sold. Now $6.37

The selloff below $6 was a reaction to the results but the results were decent though not spectacular.
Many investors were spooked by recent selloff...so when it got below $6 many panic sold and exited.

I sold away only half my position q few weeks back. There is heightened risks and road ahead will be bumpy.
Holding a smaller amount is to risk management move not that I think the company is bad and will surely sink..


The Malaysian tycoon owner of speed mart bought $51M worth of stock during the placement at $7.50....this guy plays the long term  game...and is iFast Malaysian partner in Malaysia digital banking license bid.

The next big thing will be Malaysia digital banking license to be announced next month.

https://www.theedgemarkets.com/article/b...next-month

After that Thai digital banking license  bidding will start.

Not that iFast needs to win every single one ...it just needs a few and it will have network effect.

If it wins in Malaysia it will have 2 digital banking license...and can start building upon these.

It can link its wealth management to its banking.
..and expand its offerings....

So a win in Malaysia will be huge. Then investors can anticipate Thailand.

The stock will recover and go to new highs once it wins the Malaysia digital banking license.

Drawing close, if did not get license the fall will be big too