$PSFE first and foremost, the fact that no one from Paysafe has defended the companies financials and let it just decline for an entire year is an embarrassment. Secondly, in September fireside chart McHugh said "we are a leader in the world with digital wallets.” Third, McHugh bragged about the Digital Wallet on Analyst Day (many times): "In terms of why do we win, we win in digital wallets because it is a highly functional wallet with incredible capability, and we’ll have a video later on that we will bring this to life a bit.” sec.gov/Archives/edgar/data... On this past earnings call McHugh basically sounded like the Digital Wallet was horrible, but never before mentioned it as such. Moreover, the decline is an over reaction and because Paysafe isn't defending itself - it's very easy to short.
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