Ann: Zip Completes $120m Oversubscribed Institutional Placement, page-79

right now everyone is agitated that Z1P are flat but securing the cash required for the US expansion is important. We are starting fresh with cash In the bank and well positioned in the US market. In the meantime afterpay has added over 7 billion dollars to its market cap and a very nice 25% rise in roughly 5 trading days. i guess moving into the Canadian market and signing a few retailers is worth around 10 billion dollars? If Z1P just moved back to all time highs it’s putting on over 100% gain and double its market cap to roughly 6 billion. This isn’t even the number that afterpay have put on in the last 5 trading days? So although this is all very frustrating for holders it’s also very exciting. They raised 120 million fully underwritten in the blink of an eye. This bodes well for the future and I believe they must be seeing some very exciting trends and metrics emerging from the US market. This would of been shared with instos.