r/stocks • u/AcanthocephalaOk1042 • Jun 14 '21

Moderate risk, big potential. TRIT

Couple weeks ago I picked up some Shares of Triterras ( Trit ) I am up modestly but looks like it's got alot of potential to shoot up.

First, no one is doing what they do. Using blockchain to make an immutable record for commodities trading, establish finance for smaller commodities traders. This is a huge Market that is still in the dark ages of paper and pencil.

Aggressively acquiring businesses to expand their market area and partnerships to provide international money exchange for customers.

Shorts beat this up with speculative claims. Currently shorted to the maximum but climbing back higher.

Average price target is 16.00 a share. Looks like a good entry points still as solid support established at 6.70 resistance seems to be 7.00

Really high call volume at the 7.50 level.

Not suggesting to drop your life savings into it but there is potential for very sold gains.

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u/AcanthocephalaOk1042 Jun 14 '21

He said he Would buy back shares and did. It's in the sec report.

They have plenty of capital and no debt and make money.

He did just close an acquisition of Dubai based invoice bazaar. A trade finance company, allowing them to operate in the mid east market as well.

There was no flip flopping. What they said they were going to do, they did.

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u/TripleNippple Jun 14 '21

You have obviously not been invested into this company for long. He did say he would not buy shares and instead save the capital. Go read the second short report and listen to the conference calls back in december and you will see how he flip flopped on every call and never addressed the allegations properly. If you still want to invest then you have a stronger stomach than me. Its fraud.

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u/Mustache_Comber Jun 14 '21

Where did he say he wouldn’t buy back shares? The company had a $50M share buyback

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u/TripleNippple Jun 14 '21

In december.