Ann: Share Purchase Plan, page-105

I appreciate you're frustration but really, what a load of rubbish. You're like the Tesla investors/shorters who were convinced that Telsa was a fraud and an exercise in shorting, manipulation, director and CEO corruption, etc, etc, etc purely for the benefit of Musk and other big investors.

That there is a crisis in confidence in Zip as a business model and company is obvious and undeniable. Hence the current share price. But to attribute this to director corruption, shorting, managerial incompetence and all the rest is just ridiculous.

Many companies in the payments space, not just here in Australia, but in the US and Europe as well, have experienced a similar collapse in share price. Block, Paypal, Affirm, Tyro have all had massive declines in their share prices. With regards to Affirm and Zip, this is almost entirely due to the prospect of rising interest rates. Period.

If Zip's adjustments to the new environment turn out to improve their margins (as they claim), and their pathway to profitiability becomes more apparent, then the share price will recover. Not sure to what level it will recover, but recover it will.