WCAGY - The Most Recent News About Wirecard AG Is Not Really News - But Problematic Nonetheless
Following the news around Wirecard AG (OTCPK:WRCDF, OTCPK:WCAGY) begins to feel like Groundhog Day (and arguably, I might very well be the proverbial groundhog here). Every few weeks there are new critical media reports. And every few weeks the stock price is sent tumbling by said reports.
This time it was the revelation that the 2017 audit of the company's Singapore has not been signed off. Given the circumstances, this should neither be very newsworthy nor dramatic. What made the whole matter problematic in the first place is once again Wirecard's abysmal