Ann: Afterpay Funding Position, page-49

Surprised you took your head out of the sand long enough to check and reply on hotcopper. APT share price is elevated due to the expectation of massive growth which is looking more and more likely to take a hit.

Also how did you come up with this $34 valuation? Curious to see your valuation model and how recent events have impacted the growth variable in that model? Would appreciate if you could share.