Yeah, agreed. However, the equity deal will deliver more than 23 per cent of Zip to QuadPay's investors, and another 6 per cent to SIG. Initial convertible notes at $5.5 and SIG 19 million warrants at $5.1 Subject to shareholder approval.
Quadpay annualized revenue $70 million that had an +40% reduction in new customers growth for Q1 2020 and 8% reduction in TTV QOQ%. Yes the company was purchased at a premium and it has a larger economic pie for future growth that the SP is considering. If ur long term trader i agree with your growth. I'm thinking a shorter term growth and current cash holdings and required finance capital effects on SP.
Ann: May Trading Update - Another Strong Month During Covid, page-134
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Last
$2.75 |
Change
-0.040(1.43%) |
Mkt cap ! $3.590B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.85 | $2.72 | $32.47M | 11.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39955 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.76 | 144889 | 6 |
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| ZIP (ASX) Chart |