The $50k Challenge – Update 17

The $50k Challenge Update 17 – 23/12/2020

Stock Code: 8CO

Shares Sold: 255,000

Share Price: 0.12

Total Profit: 85% / $14,025

Reason for Selling

Ultimately I sold 8CO for two main reasons. Firstly their revenue growth stalled and the expected uptick when COVID restrictions were lifted did not occur. Secondly the entire payments sector has died out with the majority of the money flow exiting. Ultimately this doesn’t mean 8CO is no longer a good investment, rather from a risk / reward perspective it didn’t make sense for me to continue to hold.