MyWorld shares at rock bottom: trading platform a joke!

Marketers promise the internal trading platform for the already disadvantaged B shares with restricted transferability an easy and closed solution for buying and selling their shares. But a closer look at the figures reveals serious weaknesses that significantly affect not only liquidity but also pricing and the fairness of trading.

One central weakness is the extremely low market liquidity. The number of offers on the platform is, as expected, alarmingly low. On the sell side, there are only a few offers, and on the buy side, the situation is hardly better.

In addition, there is an enormous discrepancy between the buy and sell offers: while on the buy side large quantities – around 10,000 shares – are offered at prices of just €0.00 to €0.02 per share, on the other hand sellers are asking for up to €620 per share. This extreme price range not only illustrates the illiquidity of the market, but also the lack of demand. With prices ranging from €0.00 to €35 on the buy side and €400 to €620 on the sell side, there is no fair, market-driven price – a fundamental characteristic of a functioning trading environment.

Another problem is the risk of manipulation. Since it is a closed marketplace, a few users or even the provider itself could deliberately influence prices. The small number of transactions and the lack of external regulation make the market susceptible to distortions and undermine investor confidence.

Another major obstacle is the restricted transferability of the B shares. Since the company’s consent is required for each transaction, the circle of potential buyers is drastically reduced, further weakening the already low liquidity. For holders, this not only means uncertainty, but also a massive loss of flexibility. Anyone wishing to sell a share must wait for the company’s consent – a time-consuming process that unnecessarily complicates trading.

The platform also scores poorly in terms of transparency. The list of completed transactions shows unusually large numbers of shares, such as 120,000 shares at a price of €25.00 per share. Such transactions raise questions, especially regarding the buyers and sellers behind them and the actual market mechanisms.

Potential loss of value

Probably the most serious disadvantage of this trading platform is the potential loss in the value of the shares. The prices offered are far below the expectations of an investor hoping for a realistic market value. Offers of €0.00 or €0.02 per share are tantamount to a total loss and show how little interest there is in trading these shares.

Furthermore, there is a lack of any compensation in the form of dividends. With a balance sheet profit of only €58,934.95 for the year 2023, which was not distributed, shareholders cannot even hope for minimal income. The risk of financial losses remains entirely with the marketers.

Conclusion: A risky dead end

The analysis of the internal trading platform shows unequivocally that marketers are trapped in an opaque and illiquid system. The restrictions imposed by the transfer restrictions, the lack of pricing and the risk of manipulation make this platform a risky trading centre that offers hardly any fair conditions. Instead of serving the interests of shareholders, the platform seems to cement investors’ dependence on the company.

Note: And as always, those affected are welcome to comment on this, or if someone has more or different information, they are welcome to share it with us. We are not interested in making false claims and our primary goal remains the provision of complete documentation.