I thought I missed something but I didn't. I expected you told something other than the convertible conversion but you didn't.
Did ZIP treat it as revenue? The fact that ZIP becomes profitable is NOT because of the one-off gain. It generated 64M EBTDA last FY and is expected to generate 150M EBTDA this FY. Will any of the dollars in the EBTDA come from loan written off?
The burden of the convertible note has gone, and ZIP is also reducing its debt using cash generated from operation. It wasn't killed during the most tough time in 2022, why you believe it can be killed when it has much less debt burden and can generate hundreds of millions EBTDA?
ZIP Price at posting:
$2.94 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)