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$2.55 zip co limited..

Daily Price Movement / General Discussion, page-37208

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EthanH

133 Posts.

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13/11/21

14:13

Post #: 57551774
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Originally posted by Goodfella58: ↑

The revenue is meaningless as they are spending more than they are generating.

If you look at the Amazon / Affirm agreement they actually issued 22 million warrants to Amazon for the privilege of being able to provide BNPL to their customers.

Effectively they paid Amazon over $4 billion dollars for that agreement.

Can you imagine how long if ever it will take to cover that cost.

What is more important though is that Amazon inisted on a solvency clause in the agreement, with various triggers in respect of debt/ equity etc.

This is commonplace for Enterprise clients and I would expect it exists in the Zip/ Amazon Australia deal.

I would speculate that within 12 months Zip will breach those covenants and lose the Amazon Australia deal as they cannot survive without further debt issuance, given their reckless expansion and depletion of cash reserves.

This a possibility as to why despite the Peter Grey bluster they have not been able to attract any enterprise clients and LD in desperation spending ten weeks in the USA and returning with nothing.

Their horrible balance sheet is if their own making and hence LD begging letter on LinkedIn as the only way out of the horrible mess they have created is the issuance of new shares to USA insititutional holders and paying off the convertible notes and repairing the balance sheet.

I think their discomfort at the AGM is representative of their own belief it's simply not going to happen.

i very much doubt there will be a Nasdaq listing or any major enterprise clients.

Its simply folly to say I will hold for five years when they may be delisted in two.

Expand

Yeah mate, that's not how a warrant works haha

They didn't give them $4B worth of stock. They gave them the option to buy stocks at a specified price. Amazon still have to pay for the stock.

Amazon have the opportunity to make money on the premium only. Not the actual total value of the shares.

Like wow. This is your weekend? Getting things wrong on internet forums of a company you don't have an investment in? Pretty sad.

Z1P Price at posting: $5.91 Sentiment: Hold Disclosure: Held
13 Upvote

4 Great analysis

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Last $2.55		Change -0.070(2.67%)		Mkt cap ! $3.329B

Open	High	Low	Value	Volume
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Daily Price Movement / General Discussion, page-37208

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Sellers (Offers)

Featured News

Daily Price Movement / General Discussion, page-37208

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News