Savvy Trades and Investments

[SSKILLZ1]

BMTX

Remember BMTX is a stock that has sold off alot. But it was Spun off from CUBI several years ago. Originally I thought BMTX had huge potential. But I soon soured on it, and have not turned positive since. I sold BMTX in the 10's, and have not looked back from the shares I received in the spin off from CUBI.

Here is why I am negative.

There deal with the merger with bank which would of given them access to certain things now that they are now totally separated with CUBI. Which fell through in my opinion was a decent neagative.

Keep in mind they were getting a decent arount of money from CUBI in 2022, Think it was like 15 million a quarter if I remember correctly, that is extremely negative that that goes away in 2023. Now maybe there are some cost that go along with that, but still it can't be positive that that goes away.

Conclusion: I wouldn't get excited if q4 looks fine, because the question is how does this comapny's income statement look after CUBI. I have my concerns. Maybe I totally am misunderstanding the impact, and it is no big deal. But I have my doubts any of what has happened is positive for BMTX, and I have serious belief that there are several negatives here. I could be completely wrong with my take. Because I can't say I have digged very deep. But I know from CUBI they were giving alot of money each quarter to BMTX, and that will no longer exist in q1 of 2023 is my understanding. Time will tell. I wish you luck, but I have significant concerns. All is just my opinion, and I coud always be wrong though.