Looking for sensible explanation, page-44

Yawn, how close is Flexigroup to having 10% of Aussie population as customers and almost 1m customers in the USA, collectively growing at 200k per month?

The quality of the down ramping is getting worse the more Afterpay de-risks and becomes an obvious global success story.

Maybe when they pass 5 million customers later this year it will reduce all this non holder noise that's trying to block the signal.

At any rate, it's going to keep rebasing higher on its way to $50+ and be a widow maker trade for many shorts. Even the second half coming up won't have the one off share payment and expenses that made an accounting loss - it's already making an underlying profit and running last year's total volume in the half year. 100%+ transaction volume growth is going to continue for a while....

Afterpay has no competition in Australia. Retailers who ignore or resist it will bend the knee eventually...