Short Sell, page-74

You've said some incredibly dumb stuff here mate. They have 2.2m active Aus customers which basically is 10%. The low margin model you speak of is an 8 week cycle which can be repeated circa 6 times a year per person bringing the 4% to more like 10-24%. USA could have 20m users within a year or so, that's a guess but one you'd better be praying doesn't happen. I sold yesterday amongst the hype and hope you're right for the short term so I can get back in but this will be a 10-20B company unless something drastic happens. People were saying what you're saying at $3. Bad debts will be your best friend as they seemingly swept that under the rug in the report saying they were on a downward trend but didn't elaborate.