AfterPay is an E-Commerce Business. Apple Pay is a payment method., page-18

It's interesting that you would reduce your "BNPL" exposure based on the possibility of an Apple product.

Surely we all knew this was coming? We still don't know what it will look like, how it will be structured and whether it will even make it to market in the next 12 months.

Additionally, you call APT a BNPL was this because that's how the market perceives it's position, just BNPL or do you share that view?

If we have a lot of old holders with reasonable sized positions leave, that will remove a fair amount of the supply. If the Apple product doesn't meet the expectations you are all currently placing, APT will really have very little overhead supply issues. Another opportunity for APT to beat expectations.

It's certainly an interesting time for holders and potential investors.

I personally won't be selling a single share.