I doubt it but wouldn’t shoot that theory down. Look at ZIP and Afterpay’s initial Debt Warehouse, they are smaller and then extended with a bigger debt facility. Also, with multiple lenders.
The only question I had from what he said (that you’re eluding to), does the capital get frozen by the debt warehouse, not allowing it to be used against another banks debt warehouse??
If we take out the initial and can’t use our capital against another, do we wait for income (which should roll in faster) to use against another?
Ann: Investor Presentation, page-130
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