The rebalancing is calculated on the Market Cap from previous Six months I believe so they wont get licked out this time round but highly likely next time round so some merit in your thoughts.
I think the Cap Raise is more to do with Goldman being able to withdraw the funding facility from Zip and Sezzle in a orderly fashion as they have hundreds of million on the line.
Its just a matter of time before they both go bust but this CR buys Goldman time and no doubt insiders who will be dumping as many shares as they can alongside the instos who contributed at $1.90.
They now have a guaranteed stop loss at that price and I expect them to short sell those 75 million shares time and time again.
Why anyone after reading that report would think this a good buy at any price is beyond me
Daily Price Movement / General Discussion, page-45401
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Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $3.642B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.81 | $2.74 | $25.49M | 9.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11942 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 30971 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |