I believe it sometimes means that an American comp
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Posted On: 07/14/2022 2:59:52 PM
I believe it sometimes means that an American company will invest in the currency markets to offset the fluctuations of the relative value of the USD . So, if an American company is earning money in Japan say, when that cash is repatriated its value will be subject to currency fluctuations of the USD/JPY.
I owned shares in a Canada based software company, DSNY, a few years ago, and this came up regularly because they did have sales in Europe and Asia. Companies will attempt to mitigate these types of losses by going long or short USD vs. whatever other currency. DSNY, being Canadian did that with CAD.
Might not apply here, though, since Zerify has virtually no sales, much less sales in foreign countries - unless the Ecuador deal finally, secretly kicked in. Maybe Ram is playing on the options market?
I owned shares in a Canada based software company, DSNY, a few years ago, and this came up regularly because they did have sales in Europe and Asia. Companies will attempt to mitigate these types of losses by going long or short USD vs. whatever other currency. DSNY, being Canadian did that with CAD.
Might not apply here, though, since Zerify has virtually no sales, much less sales in foreign countries - unless the Ecuador deal finally, secretly kicked in. Maybe Ram is playing on the options market?
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