Last night on CNBC`s Mad Money, a caller asked the host, Jim Cramer "who I don`t care for, only listen to his spiel for contrarian reasons" again about PSFE, he touted Paysafe again and said that it should not be trading as low as it is. He has blessed the stock as a SPAC and now as a publicly listed company more than a dozen times on his heavily witched TV show, even interviewed Foley while still a SPAC in a workaround way a few times.
Biden could say in a state of the union address it`s the best stock/fintech he`s used out there and zero real holding traction would come from it.
Every time as I posted before, analyst have given it a buy rating ongoing. Tip Ranks has it as an 8 out of 10 as a buy. On and on it gets positive press, adds new platforms/integrations "along with the occasional hit pieces" but zero holding price action.
As it`s end of month window dressing again, sellers/shorts keep it down.
I will not sell my positions in 2 accounts and I know there are too many fintech plays to choose from and I have used Paysafe and like its platform but they could catch more fly's with their OWN Crypto trading option too attached to the transaction's side.
What is seriously needed for Paysafe is to be acquired by a larger player and that is my hope because standalone we may never realize nirvana for our purchase and faith holding so long. Time will tell- GLTA
