We're third quarter with a brand spanking new finance product and they've run out of funds to loan.
"Their marketing was so successful they sold out of their product"
Yep. It's terrible news.
Please, tell me what number would you feel more comfortable with in the "payments to merchants" column?
There's no spin here. They loaned out 13.3 million in the last quarter. They can reasonably expect around a 6.5% return on that investment by the end of 6 months. Explain why holding more of their cash in their hand is a better business decision.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.85M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $106.9K | 15.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 19297641 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 18608871 | 20 |
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| Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
| OVT (ASX) Chart |