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Andredamus1

2,137 Posts.

523

01/09/20

11:49

Post #: 46984259
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Originally posted by Goodfella58: ↑

Of course they knew about it.

They announced a $800 million CR only a few weeks before the Full Year results when if there had been no urgency they could have waited a few weeks.

This comes only ten weeks after Eisen made the following statement.

Only on April 14, Eisen assured the market that Afterpay’s “strong balance sheet and liquidity position means we have no requirement to raise capital in the foreseeable future” and “downside scenario modelling suggests that the group is adequately capitalised to support operations for multiple years

They have used the CR to make insignificant acquisitions because it was nothing more than window dressing to allow them to pocket $250 million

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And yet the founders could have pocketed an extra ~$100m if they'd just waited those few short weeks. Maybe their crystal ball was on the blink that day.

APT Price at posting: $85.93 Sentiment: Hold Disclosure: Held
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