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Triterras, Inc. (TRIT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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4.9000-0.2900 (-5.59%)
At close: 4:00PM EDT
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  • P
    Peter
    Bullish
  • J
    Jayywaiii
    Anyone, please correct if my understanding is wrong.

    Mr Vasireddy is already with Triterras since January and has been scaling the tech team from Jan till May as Chief Technical Advisor (CTA), and has been appointed as Chief Technology Officer (CTO) immediately and decided that this the right time to take on the job of CTO.

    It seems to me that EITHER Mr Koneru is doing cautious hiring and had observed Mr Vasireddy for 4 months and then finally thinks that Mr Vasireddy is the right person for the job (as Kratos make or break depend on CTO) OR Mr Vasireddy is helping out to give advice at the start and finally thinks that this is the place where he can find job satisfaction building up a game changing company in the fintech scene. Checking out Mr Vasireddy profile, he seems to be the real deal.

    Whichever it is, I think it is a BIG WIN. THANK YOU FOR THE UPDATES, TRITERRAS. This just affirmed that the company is far from being a fraud. What have you to say, bears/shorties? Please give me more chances to enter at $1/$2/$3/$4. I will be glad to scoop it up tbh.

    I picked up some of the key sentences:

    " ...appointed Sri Vasireddy as Chief Technology Officer, effective immediately."
    " Mr. Vasireddy has been working as Chief Technical Advisor to the Company since January 2021"
    " “I am excited to be joining Triterras at an inflection point in its growth trajectory,” said Vasireddy. "
    " In addition to scaling the firm’s tech team in the last four months, in the coming months Vasireddy plans to onboard new Technical Program Managers, Principal Solutions Architects, Product Owners, Developers, and Quality Assurance Automation Professionals."
    Bullish
  • a
    avi
    If you think that when you buy the stock it only increases from the time of purchase. So your place is not here. It takes a lot of strength and a lot of patience. I bought the stock because I believe in their product. Because I understand that this is the future and it is the only company that gives the solution. It is true that there are problems at the moment but when the company overcomes the problems it will reach its place. Do not panic. In my opinion they are preparing a pile of very good messages and in addition they will explain the problem that has been created and how they handled the problem. Things take time. The three directors who have entered the company are very powerful people and no one wants to tarnish their good name in a company of fraud. Good luck to everyone
    Bullish
  • P
    Peter
    NOT 👏🏼 SELLING 👏🏼 EVER

    Just weathering the storm.
    Bullish
  • d
    dnna
    The company is clearly active in building their business, as indicated by their recent position openings. Communication with the shareholders is certainly disappointing, but at the end of the day we are not the priority - it's the fundamentals and earnings that will determine the stock price in the end.

    Nothing has really changed in these past few weeks to change the thesis. I only wish I had even more cash to buy at these prices.
    Bullish
  • D
    Daniel
    I’d be terrified if I’m shorting this now.
    Bullish
  • F
    FlashFreeze
    S&P 500
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    FlashFrozenSushi
    24m
    $TRIT


    I think we are forgetting about the management piece about sensitive information, not available on the public node, was leaked to the short report authors.

    This was mentioned a couple of times but hasn't resurfaced for weeks. This could also be one of the cause for the delay of the independent review.

    Hopefully it's this and not any fraudulent transaction that is causing the delay in releasing the results of the review. :)
    Bullish
  • a
    avi
    He who is not strong on such days will lose his money. My opinion has not changed about society as long as it is not clear to us otherwise.
    Bullish
  • A
    Anonymous
    The truth is no one knows what they're holding, or what they're shorting. We're all waiting to find out.

    They have until late July to post earnings, as per SEC rules for foreign issuers.
  • a
    andressrc
    Looks like good moment to cover before massive squeeze.
  • G
    Gevorg
    No news and 10% drop? Can anyone explain?
  • G
    Gevorg
    I don't understand who is selling at this prices? My whole portfolio is down in red and im not selling any share, will wait to recover.
  • B
    Brad
    Lol my average cost is 11.57... at this point selling isn’t even worth it
  • F
    FlashFreeze
    Law firm + investigator combination?

    Since when are these words used interchangeably? There's a good possibility there's no roundtripping and investigation on the leak is just taking longer.

    So Law + Forensics?

    Appointed a law firm.
    investigators do not report to the management

    What is the status of the independent investigation into the short seller report?
    The short seller report had raised certain allegations, which the management feels were misleading or unfair. To address any doubts in the minds of investors, and as a matter of corporate governance, the Company's Audit Committee has appointed a law firm to conduct an independent investigation into these allegations.

    The management is co-operating fully with the investigation. However, to safeguard the independence of the investigation, the investigators do not report to the management on the status of the investigation. In addition, the management has not imposed any deadline for the firm conducting the investigation to complete the investigation. Therefore, management is unable to provide any updates or estimated completion dates other than to confirm that the process is underway.
    Bullish
  • T
    TC666999
    Personally I’m not throwing more money into this until the Er and report comes out
  • G
    G0rdonGekk0
    With 5 million shares as a public float, 7 millions short interest and the next news (ER, Investigation results, buyback) we can easily reach 100% in 1 day.

    Stay strong and buy more if you can.
    Bullish
  • S
    Starlord
    Do they really want this to fall to 3$ without doing anything?
  • G
    G0rdonGekk0
    Unreal price atm
  • G
    G0rdonGekk0
    Oppenheimer bought 15000 shares - guess we will hear a buy rating soon ;)))
    Bullish
  • P
    Peter
    There are so many people commenting who I feel like only watch this one stock… The whole market is on fire for growth stocks