Ann: Zip A$400m Snr CNote offering to accelerate global expansion, page-26

What’s next another 500 million dilution next quarter?

at some point the ongoing and rapid cap raises are a joke
why can’t they just grow revenues sensibly and still be global instead of asking for a handout every few months?

take Redbubble for example.
they are growing 100 percent yoy but added 70 million to the kitty in cashflow last half! Where zip is taking away 70 million a half
I'm sorry I just don't think the 120 percent YoY growth is worth so much losses...
This is zips biggest negative imho there are so so many shares compared to apt and szl now. Let's raise another 250 million and shaft the shareholders!!
Feeling a bit like a Ponzi scheme now